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

Work in process, Jan. 1	$	26,000
Work in process, Dec. 31		37,000
Finished goods, Jan. 1		83,000
Finished goods, Dec. 31		67,500
Direct materials used		132,000
Direct labor		310,000
Factory depreciation		72,000
Sales		960,000
Advertising expense		62,000
Factory utilities		31,000
Indirect materials		27,000
Indirect labor		42,000

Required: A. Calculate Portlands cost of goods manufactured. B. Calculate Portlands cost of goods sold.