Princetone 3 Company has the following information for May: 

Cost of direct materials used in production .......... $17,000
Direct labor ................................................................... 44,250
Factory overhead ......................................................... 28,000
Work in process inventory, May 1 ............................. 72,100
Work in process inventory, May 31 ........................... 76,750
Finished goods inventory, May 1 ............................... 30,750
Finished goods inventory, May 31 ............................. 34,600

For March, determine 

(a) The cost of goods manufactured and 

(b) The cost of goods sold.