Portland Manufacturing had the following data for the period just ended: Work in process, Jan. 1 Work in process, Dec. 31 $ 23,500 48,000 Finished goods, Jan. 1 78,000 Direct materials used Finished goods, Dec. 31 Direct labor Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor 65,000 127,000 285,000 88,000 935,000 57,000 28,500 22,000 37,000 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