Bisby Company manufactures fishing rods. At the beginning of July, the following information was supplied by its accountant:
Raw materials inventory ............ $40,000
Work-in-process inventory .......... 21,000
Finished goods inventory ........... 23,200
During July, the direct labor cost was $43,500, raw materials purchases were $64,000, and the total overhead cost was $108,750. The inventories at the end of July were:
Raw materials inventory .......... $19,800
Work-in-process inventory .......... 32,500
Finished goods inventory ......... 22,100

Required:
1. What is the cost of the direct materials used in production during July?
2. What is the cost of goods manufactured for July?
3. What is the cost of goods sold for July?