The following beginning and ending inventory balances apply to Holder Company: Beginning Raw Materials Inventory Work in Process Inventory Finished Goods Inventory $26,500 Ending $24,500 34,500 35,500 22,500 19,500 During the accounting period, the company purchased $236,500 of direct raw materials. It incurred $182,500 of direct labor costs for the year and allocated $262,500 of manufacturing overhead costs to work in process. There was no overapplied or underapplied overhead. Revenue from goods sold during the year was $802,500. The amount of cost of goods manufactured (amount transferred from WIP to finished goods) was