The accounting records of Bronco Company revealed the following information: Raw material used: $60,000 Direct labor: 125,000 Manufacturing overhead: 360,000 Work-in-process inventory, 1/1: 50,000 Finished-goods inventory, 1/1: 189,000 Work-in-process inventory, 12/31: 76,000 Finished-goods inventory, 12/31: 140,000 Bronco's cost of goods manufactured is