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

Beginning Raw Materials Inventory	$	35,000
Ending Raw Materials Inventory		26,600
Beginning Work in Process Inventory		65,000
Ending Work in Process Inventory		74,000
Beginning Finished Goods Inventory		95,000
Ending Finished Goods Inventory		77,000
Cost of Goods Sold for the period		550,000
Sales Revenues for the period		1,264,000
Operating Expenses for the period		242,000

Multiple Choice

• $575,200.

• $532,000.

• $541,000.

• $568,000.

• $559,000.