Borges Distributors has the following information for January:

Cost of direct materials used in production $25,000

Direct labor 35,000

Factory overhead 20,000

Work in process inventory, 1/1 30,000

Work in process inventory, 1/31 25,000

Finished goods inventory, 1/1 15,000

Finished goos inventory, 1/31 12,000

Determine a) the cost of goods manufactured, and b) the cost of goods sold for January