Davidson Company has the following information for August:
Cost of direct materials used in production ...... $60,000
Direct labor ................... 90,000
Factory overhead ................ 44,000
Work in process inventory, August 1 ........ 20,000
Work in process inventory, August 31 ......... 16,000
Finished goods inventory, August 1 ......... 36,000
Finished goods inventory, August 31 ........ 20,000
For August, determine
(a) The cost of goods manufactured and
(b) The cost of goods Sold