2. Company nakes stainless steel containers used by medical laboratories and other institutions that handle biohazards. Comp. has provided you with the following data from the most recent year of operations: $14,500 Beginning balance in materials inventory 28,700 Beginning balance in work in process 8,700 Beginning balance in finished goods 86,950 Purchase of materials 135,000 Payments for direct labour 67,750 Factory overhead charged to products 14,250 Ending balance in materials inventory 25,900 Ending balance in work in process 10,800 Ending balance in finished goods Required Determine (a) the cost of goods manufactured and (b) the cost of goods sold for the most recent year