Cost of Goods Sold, Cost of Goods Manufactured Sandbagger Company has the following information for July: Cost of direct materials used in production $ 56,000 Direct labor 66,000 Factory overhead 23,000 Work in process inventory, July 1 49,000 Work in process inventory, July 31 49,000 27,000 Finished goods inventory, July 1 Finished goods inventory, July 31 16,000 a. For July, determine the cost of goods manufactured. b. For July, determine the cost of goods sold. $