Truman Company started the accounting period with the following beginning balanc

Question

Truman Company started the accounting period with the following beginning balances: Raw Materials, $42,000; Work in Process, $90,000; Finished Goods, $20,000 During the accounting period, the company purchased $60,000 of raw materials and ended the period with $16,000 in raw material inventory. Direct labor costs for the period were $120,000 and $36,000 of manufacturing overhead costs was allocated to work in process. There was no over or underapplied overhead. Ending work in process was $82,000 and ending Finished Goods inventory was $35,000. Goods were sold during the period for revenue of $350,000. The amount of cost of goods manufactured (i.e., amount transferred from WIP to Finished Goods) would be what?

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