The company applies MFOH at 125% of direct labor cost. You have been provided selected information about the first three months of operations for calendar year 2018.

		January 1			December 31
	Direct materials		$	77,000		$	40,000
	Work in process			66,000			42,000
	Finished goods		$	115,000			100,000
	Other information
	Direct materials purchases					$	324,000
	Cost of goods available for sale						950,000
	Actual factory overhead costs					$	260,000

Requirement: Compute Unadjusted Cost of Goods Sold for the first three months of operations.