Tricorp Manufacturing Company had a $2, 700 beginning inventory of raw materials. The ending balance of the Raw Materials Purchases account was $120,000, and a count of the ending inventory revealed that the cost of the materials on hand was $5,000. Direct labor cost during the period was $250,000 and total factory overhead cost was $135,000. The beginning work in process inventory was $23,000, and the ending amount was $19,000. What was the cost of goods manufactured for the period? $371, 700 $502, 700 $503, 300 $506, 700 $509,000