Information for Maxim Manufacturing is presented below. Compute both the cost of goods manufactured and the cost of good sold for Maxim Manufacturing.

Beginning raw materials inventory	$ 51,200
Beginning work in process inventory	78,800
Direct labor	148,600
Beginning finished goods inventory	44,000
Indirect labor	43,000
Depriciation on factory equipment	16,000
factory manager salary	22,000
Raw materials purchased	215,000
Ending raw materials inventory	68,100
Factory rent	24,000
Ending work in process inventory	98,000
Ending finished goods inventory	46,000