Portland Manufacturing had the following data for the period just ended: Work in process, Jan. 1 Work in process, Dec. 31 $ 26,500 38,000 Finished goods, Jan. 1 84,000 Finished goods, Dec. 31 68,000 Direct materials used 133,000 Direct labor 315,000 Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor 73,000 965,000 63,000 31,500 28,000 43,000 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