Land o' Dream Company reported the following amounts for 2020: Raw materials purchased Beginning raw materials inventory Ending raw materials inventory Beginning finished goods inventory Ending finished goods inventory Direct labor used Manufacturing overhead costs applied Beginning work in process inventory Ending work in process inventory $98,000 5,200 4,500 7,600 8,000 25,000 30,000 6,100 6,300 Instructions Calculate (a) the cost of goods manufactured and (b) cost of goods sold