Using the following information, compute cost of goods manufactured, which is the cost of inventory transferred to Finished Goods Inventory.

Work$-$in$-$process inventory, beginning balance $$125,000$

Work$-$in$-$process inventory, ending balance $105,000$

Direct materials costs $400,500$

Direct labor costs $275,500$

Actual manufacturing overhead costs $300,500$

Applied manufacturing overhead costs $305,000$