Portland Manufacturing had the following data for the period just ended: 35 Work in process, Jan. 1 Work in process, Dec. 31 Finished goods, Jan. 1 Finished goods, Dec. 31 Direct materials used Direct labor Factory depreciation Sales Advertising expense Factory utilities Indirect materials Indirect labor $ 27,500 40,000 86,000 69,000 135,000 325,000 75,000 975,000 65,000 32,500 30,000 45,000 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