The Records of the Williamson Company Show the Following Information

Multiple Choice

The records of the Williamson Company show the following information: $$\begin{array} { l r } \text { Direct materials used } & \$ 90,000 \\\text { Direct labor } & 130,000 \\\text { Factory overhead } & 150,000 \\\text { Beginning work-in-process inventory } & 15,000 \\\text { Beginning finished goods inventory } & 20,000 \\\text { Ending work-in-process inventory } & 42,000 \\\text { Selling and administrative expenses } & 37,500\end{array}$$
What was the cost of goods manufactured during the year?

A) $370,000
B) $365,000