Portland Manufacturing had the following data for the period just ended:

Work in process, Jan. 1	$ 21,000
Work in process, Dec. 31	40,000
Finished goods, Jan. 1	70,000
Finished goods, Dec. 31	61,000
Direct materials used	126,000
Direct labor	260,000
Factory depreciation	80,000
Sales	945,000
Advertising expense	52,000
Factory utilities	27,000
Indirect materials	19,000
Indirect labor	35,000

Required:

A. Calculate Portlands cost of goods manufactured.

B. Calculate Portlands cost of goods sold.