Information for Zip Manufacturing follows:
Beginning raw materaisl inventory $46,800
Beginning goods in process inv. 21,200
Direct labor 81,000
Beginning finished goods invetory 64,000
Total factory overhead 106,000
Raw materials purchased 21,500
Ending raw materails inventory 40,000
Ending goods in process inv 20,000
Ending finished goods inventory 46,000
Calcualte (a) the Cost of Goods Manufactured and (b) the Cost of Goods Sold.