Use the information below to answer the following question(s).

Jupiter Inc. had the following activities in the year:

Direct materials balance:

Beginning inventory $72,000

Purchases 304,000

Ending inventory 12,000

Direct manufacturing labour 64,000

Manufacturing overhead 68,000

Ending work in process inventory 20,000

Beginning work in process inventory 4,000

Ending finished goods inventory 152,000

Beginning finished goods inventory 112,000

1.What is Jupiter's cost of direct materials used during the year?

a.$356,000

b.$360,000

c.$308,000

d.$372,000

e.$364,000

2.What is Jupiter's cost of goods sold?

a.$520,000

b.$440,000

c.$464,000

d.$400,000

e.$516,000

3.What is Jupiter's cost of goods manufactured?

a.$536,000

b.$496,000

c.$480,000

d.$476,000

e.$512,000