Hill Company has the following information for January:
Cost of direct materials used in production...... $ 16,800
Direct labor ................... 43,400
Factory overhead ................ 28,000
Work in process inventory, January 1 ........ 70,000
Work in process inventory, January 31 ........ 74,200
Finished goods inventory, January 1 ........ 29,400
Finished goods inventory, January 31 ......... 33,600
For January, determine
(a) The cost of goods manufactured
(b) The cost of goods sold.