The following inventory balances relate to Lequin Manufacturing Corporation at the beginning and end of the year:

	Beginning	Ending
Raw materials	$14,000	$19,000
Work-in-process	$31,000	$ 7,000
Finished goods	$25,000	$23,000

Lequin's total manufacturing cost was $543,000. What was Lequin's cost of goods sold?

Group of answer choices

$517,000

$545,000

$569,000

$567,000