The following costs are attributed to the Quilt Company: Purchase of raw materials (all $297,100 direct) Direct labour cost $121,800 Manufacturing overhead costs $178,260 Inventories: Beginning raw materials $10,000 Ending raw materials $7,000 Beginning work in process $20,000 Ending work in process $11,100 Beginning finished goods $20,000 Ending finished goods $5,100 Quilt Company used a 120% predetermined overhead rate based on direct labour cost. Required: a- Calculate the cost of goods manufactured. (7 marks) b- What was the cost of goods sold before adjusting for any under or over applied overhead