Minstrel Manufacturing uses a job costing system. During one month Minstrel bought $219,600 of raw materials on credit; issued materials for production for $213,000 of which $35,400 were indirect. Minstrel incurred factory payroll of $160,800, paid in cash, of which $45,400 was indirect labor. Minstrel uses a default overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending work-in-process inventory is $17,300 and $30,600, respectively. 

Calculate the cost of the product transferred to finished goods inventory:

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