Timbuk 3 Company has the following information for March:

Cost of direct materials used in production ...........$21,000

Direct labor ...................................................................54,250

Factory overhead ......................................................... 35,000

Work in process inventory, March 1 ......................... 87,500

Work in process inventory, March 31 ........................ 92,750

Finished goods inventory, March 1 ........................... 36,750

Finished goods inventory, March 31 .......................... 42,000

For March, determine

(a) The cost of goods manufactured and

(b) The cost of goods sold.