Nantahala Company has the following information for August Cost Nantahala Company has the following information for August:Cost of direct materials used in production . $30,000Direct labor 45,000Factory overhead . 22,000Work in process inventory, August 1 10,000Work in process inventory, August 31 8,000Finished goods inventory, August 1 .. 18,000Finished goods inventory, August 31 .. 10,000For August, determine (a) The cost of goods manufactured and(b) The cost of goods sold.View Solution: solved: Nantahala Company has the following information for August Cost