949 18of goods , of goods PE -5A Cost soldcost manufactured Hill Company has information for January the following : OBJ. 3 Cost of direct materials used in production Direct labor $16,800 43,400 Factory overhead Work in process inventory, January 1 Work in process inventory, January 31 Finished goods inventory, January 1 Finished goods inventoryJanuary 31 28,000 70,000 74,200 29,400 33,600 For January, determine (a) the cost of goods manufactured and (b) the cost of goods sold