Laurel Industries is calculating its Cost of Goods Manufactured at year-end. The company’s accounting records show the following: The Raw Materials Inventory account had a beginning balance of $14,000 and an ending balance of $19,000. During the year, the company purchased $63,000 of direct materials. Direct labor for the year totaled $133,000 while manufacturing overhead amounted to $162,000. The Work in Process Inventory account had a beginning balance of $25,000 and an ending balance of $24,000. Assume that Raw Materials Inventory contains only direct materials. Compute the Cost of Goods Manufactured for the year.