For Work Done During August,Printing Press Company Incurred Direct Materials

Multiple Choice

For work done during August,Printing Press Company incurred direct materials costs of $130,000 and conversion costs of $226,000.The company employs a traditional operating philosophy.At the end of August,it was determined that the Work in Process Inventory account had been assigned $1,000 of costs,and the ending balance of the Finished Goods Inventory account was $3,000.There were no beginning inventory balances.How much was cost of goods manufactured during August?

A) $356,000
B) $355,000
C) $353,000
D) $352,000