Moon Company reported the following amounts for 2022 ($):

Raw materials purchased $120,000 Beginning raw materials inventory 16,000 Ending raw materials inventory 5,000 Beginning finished goods inventory 11,000 Ending finished goods inventory 8,000 Administrative expenses 12,000 Direct labour used 44,000 Selling and administrative expenses 21,000 Beginning work in process inventory 17,000 Ending work in process inventory 16,000 Manufacturing overhead costs 36,000

Required:

a) Calculate the cost of materials used in production.

b) Calculate the cost of goods manufactured.