The following information is available for Neaves Manufacturing Company for the month ending January 31, 2012:
Cost of direct materials used in production......................$215,000
Direct labor..............................................................................185,000
Work in process inventory, January 1.....................................85,000
Work in process inventory, January 31...................................94,000
Total factory overhead............................................................130,000
Determine Neaves’ cost of goods manufactured for the month ended January 31, 2012.