Ryker Manufacturing,Inc The Inventory Account Balances as of January 1 Are Given

Ryker Manufacturing,Inc.provided the following information for the year: $\begin{array} { | l | r | } \hline \text { Purchases - Direct Materials } & \$ 91,000 \\\hline \text { Plant Utilities and Insurance } & 66,000 \\\hline \text { Indirect Materials Used } & 11,240 \\\hline \text { Indirect Labor } & 4830 \\\hline \text { Direct Materials Used in Production } & 98,000 \\\hline \text { Direct Labor } & 118,500 \\\hline \text { Depreciation on Factory Plant and Equipment } & 8000 \\\hline \text { Cost of Goods Manufactured } & 292,000 \\\hline \text { Cost of Goods Sold } & 290,000 \\\hline\end{array}$ The inventory account balances as of January 1 are given below.
$\begin{array} { | l | r | } \hline \text { Direct Materials } & \$ 45,000 \\\hline \text { Work-in-Progress Inventory } & 11,000 \\\hline \text { Finished Goods Inventory } & 304,570 \\\hline\end{array}$ What is the ending balance in the Finished Goods Inventory?

A) $304,570
B) $302,570
C) $306,570
D) $596,570