PE 1-5B Cost of goods sold, cost of goods manufactured Ebony Company has the following information for July: 17 OBJ. 3 Cost of direct materials used In production$67.200 88,000 44,800 Direct labor. . . . ,?.. Factory overhead ; ns work in process inventory, July 1 :.Winhtdnix, 32,800 29,600 37,600 Finished goods inventory, July 3127,200 Work in process inventory, July 31 Finished goods inventory, July 1 37 For July, determine.(a) the cost of goods manufactured and (b) the cost of goods sold