Cost of goods sold, cost of goods manufactured Sandbagger Company has the following information for December : Cost of direct materials used in production $ 34,000 Direct labor 41,000 Factory overhead 30,000 Work in process inventory, December 1 27,000 Work in process inventory, December 31 33,000 Finished goods inventory, December 1 24,000 Finished goods inventory, December 31 16,000 For December, determine the following: Cost of goods manufactured $ Cost of goods sold