Portland Manufacturing had the following data for the period just ended: Work in process, Jan. 1 Work in process, Dec. 31 $ 20,000 41,000 Finished goods, Jan. 1 71,000 Finished goods, Dec. 31 61,500 Direct materials used Direct labor 120,000 250,000 Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor 81,000 900,000 50,000 25,000 15,000 30,000 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