Portland Manufacturing had the following data for the period just ended: Work in process, Jan. 1 Work in process, Dec. 31 Finished goods, Jan. 1 $ 27,000 39,000 85,000 Finished goods, Dec. 31 68,500 Direct materials used 134,000 Direct labor 320,000 Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor 74,000 970,000 64,000 32,000 29,000 44,000 Required: A. Calculate Portland's cost of goods manufactured. B. Calculate Portland's cost of goods sold. A. Cost of goods Manufactured B. Cost of goods sold