Under Lamprey Company's job-order costing system, manufacturing overhead is applied to Work in Process inventory using a predetermined overhead rate. During January, Lamprey's transactions included the following:
| Direct materials issued to production |
$ |
93,500 |
| Indirect Materials issued to production |
$ |
8,700 |
| Manufacturing overhead cost incurred |
$ |
132,000 |
| Manufacturing overhead cost applied |
$ |
120,000 |
| Direct labor cost incurred |
$ |
110,500 |
Lamprey Company had no beginning or ending inventories. What was the cost of goods manufactured for January?