Response to the following problem:
The following information is available for Applebaum Manufacturing Company for the month ending January 31, 2008:
Cost of direct materials used in production ... $165,000
Direct labor .......................................... 145,000
Work in process inventory, January 1 ............. 70,000
Work in process inventory, January 31 .......... 125,000
Total factory overhead .............................. 65,000
Determine Applebaum's cost of goods manufactured for the month ended January 31, 2008.