Richards Company Manufactures a Single Product The Company's Cost of Direct Materials Used, Cost of Goods

Richards Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the company follows:

$\begin{array}{lr}\text { Beginning raw materials inventory } & \$ 10,000 \\\text { Ending raw materials inventory } & 12,000 \\\text { Raw material purchases } & 90,000 \\\text { Beginning work in process inventory } & 40,000 \\\text { Ending work in process inventory } & 25,000 \\\text { Direct labor } & 130,000 \\\text { Total factory overhead } & 60,000 \\\text { Beginning finished goods inventory } & 55,000 \\\text { Ending finished goods inventory } & 45,000\end{array}$
The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is: