Laramie Technologies had the following data for March: Cost of direct materials used $105,000 Direct labor costs 180,000 Factory overhead 70,000 Work in process inventory, March 1 109,000 Work in process inventory, March 31 96,000 Finished goods inventory, March 1 115,000 Finished goods inventory, March 31 100,000 Determine the (a) cost of goods manufactured and (b) cost of goods sold. You MUST Show all your work (calculations) to receive full credit.