Ebony Company has the following information for July:
Cost of direct materials used in production ......$ 67,200
Direct labor ................... 88,000
Factory overhead ................ 44,800
Work in process inventory, July 1 .......... 32,800
Work in process inventory, July 31 .......... 29,600
Finished goods inventory, July 1 ........... 37,600
Finished goods inventory, July 31 ......... 27,200
For July, determine
(a) The cost of goods manufactured
(b) The cost of goods sold.