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The following information was taken from last year’s accounting records of a manufacturing company. Inventory.......................January 1.......December 31
Raw materials.................$38,000......$ 45,000
Work-in-process................21,000.........10,000
Finished goods..................78,000.........107,000
Other information
Direct labor........................................$236,000
Shipping costs on outgoing orders..........6,500
Factory rent........................................59,000
Factory depreciation.............................18,700
Advertising expense.............................24,900
Net purchases of raw materials..............115,000
Corporate administrative salaries...........178,000
Material handling costs.........................35,800
On the basis of this information, the company’s cost of goods manufactured and cost of goods sold are