The following inventory and cost data for the just completed year are taken from the accounting records of Sanka Company: Inventories Increase in raw materials Increase in work in process 30,000 Decrease in finished goods 90,000 4,000 30,000 90,000 Costs incurred Advertising expense Direct labour cost Purchases of raw materials Rent, factory building Indirect factory labour Sales commissions Utilities, factory Maintenance, factory equipment Supplies, factory Depreciation, office equipment Depreciation, factory equipment 200,000 180,000 264,000 60,000 112,600 70,000 18,000 48,000 1,400 16,000 80,000 Required: (a.) Calculate the cost of goods manufactured. (b.) Calculate the cost of goods sold