The following account balances at the beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company: Work in process inventory Raw materials inventory so $28,500 $40,300 Finished goods inventory Additional data: 1. Actual manufacturing overhead for January amounted to $62,900. 2. Total direct labor cost for January was $63,600. 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $248,000 of direct labor cost and $322,400 of manufacturing overhead costs. 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $5800 (1400 direct labor hours) and total direct material charges were $15,000. 5. Cost of direct materials placed in production during January totaled $123,700. There were no indirect material requisitions during January. 6. January 31 balance in raw materials inventory was $35,000. 7. Finished goods inventory balance on January 31 was $35,200. What is the cost of goods manufactured for January? $241,640 $269,980 $207,883 O $236,223