. Finished goods Inventory, March 31 42,000 For March, determine (a) the cost of goods manufactured and (b) the cost of goods sold. PE 1-5B Cost of goods sold, cost of goods manufactured Ebony Company has the following information for July: 7. OBJ. 3 a Cost of direct materials used In production$67,200 Direct labor Factory overhead ." Work in process Inventory, July 1 Work in process inventory, July 31 Finished goods inventory July 1 , Finished goods inventory, July 31 44,800 32,800 29,600 37,600 27,200 enna t eg 13 For July, determine (a) the cost of goods manufactured and (b) the cost of goods sold. EX1-1 Clasifying costs as imaterials, labor, or factory overhead Indicate whether each of the following costs of an automobile manufacturer would be classified as direct mterials icost, direct labor cost, or factory overhead cost OBJ. 2