Portland Manufacturing had the following data for the period just ended: Work in process, Jan. 1 $ 23 , 500 Work in process, Dec. 31 48, 000 Finished goods, Jan. 1 78 , 080 Finished goods, Dec. 31 65,000 Direct materials used 127 , 000 Direct labor 285, 000 Factory depreciation 88, 090 Sales 935, 000 Advertising expense 57, 000 Factory utilities 28, 500 Indirect materials 22,090 Indirect labor 37,090 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