Portland Manufacturing had the following data for the period just ended: 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 $ 20,000 41,000 71,000 61,500 120,000 250,000 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 500,000 B. Cost of goods sold $ 739,500