Portland Manufacturing had the following data for the period just ended: Work in process, Jan. 1 Work in process, Dec. 31 $ 21,500 44,000 Finished goods, Jan. 1 74,000 Finished goods, Dec. 31 63,000 Direct materials used 123,000 Direct labor 265,000 Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor 84,000 915,000 53,000 26,500 18,000 33,000 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