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

Beginning Raw Materials Inventory	$	30,000
Ending Raw Materials Inventory		21,600
Beginning Work in Process Inventory		60,000
Ending Work in Process Inventory		69,000
Beginning Finished Goods Inventory		87,500
Ending Finished Goods Inventory		72,000
Cost of Goods Sold for the period		545,000
Sales revenues for the period		1,259,000
Operating expenses for the period		237,000

Multiple Choice

$560,500.

$570,200.

$554,000.

$529,500.

$538,500.