The “EcoPulse Electronics” company manufactures electronic components. Given the following cost data for the fiscal year 2023, calculate the cost of goods manufactured (COGM), including direct materials, direct labor, and factory overhead:

Direct Materials Used: $250,000

Direct Labor: $150,000

Factory Overhead: $100,000

Beginning Work in Process Inventory: $30,000

Ending Work in Process Inventory: $20,000

Indirect Labor: $20,000

Factory Utilities: $15,000

Depreciation on Factory Equipment: $25,000