Dan Wenman makes stainless steel containers used by medical laboratories and other institutions that handle biohazards. Dan has provided you with the following data from the most recent year of operations:
Beginning balance in materials inventory ...... $14,000
Beginning balance in work in process ...... $28,200
Beginning balance in finished goods ......... $8,200
Purchases of materials ............. $86,450
Payments for direct labor ........... $134,500
Factory overhead charged to products ....... $67,250
Ending balance in materials inventory ....... $13,750
Ending balance in work in process ....... $25,400
Ending balance in finished goods ........ $10,300

Required:
Determine
(a) The cost of goods manufactured and
(b) The cost of goods sold for the most recent year.