Using the information below, calculate the cost of goods manufactured for the period:

Beginning Raw Materials Inventory$25,000

Ending Raw Materials Inventory30,000

Beginning Work in Process Inventory55,000

Ending Work in Process Inventory64,000

Beginning Finished Goods Inventory80,000

Ending Finished Goods Inventory67,000

Cost of Goods Sold for the period540,000

Sales revenues for the period1,254,000

Operating expenses for the period232,000