Truman Company started the accounting period with the following beginning balances: Raw materials, $46,000; Work in process, $94,000; Finished goods, $24,000 During the accounting period, the company purchased $64,000 of raw materials and ended the period with $20,000 in raw material inventory. Direct labor costs for the period were $124,000 and $40,000 of manufacturing overhead costs was allocated to work in process. There was no over or underapplied overhead. Ending work in process was $86,000 and ending finished goods inventory was $39,000. Goods were sold during the period for $354,000. The amount of cost of goods manufactured (i.e., amount transferred from work in process to finished goods) would be:

a) $262,000.

b) $254,000.

c) $348,000.

d) $247,000.