Company has the following information for May:

Cost of direct materials used in production 21000

Direct labor 54250

Factory overhead 35000

Work in process inventory, May 1 87500

Work in process inventory, May 31 92750

Finished goods inventory, May 1 36750

Finished goods inventory, May 31 42000

For May, determine:

a) The cost of goods manufactured b) The cost of goods sold