The following selected account balances for the year ended December 31 are provided for Unicorn Company: Purchases of raw materials Direct labour Maintenance, factory Selling and administrative salaries Depreciation, factory equipment Cleaning supplies Sales commissions Utilities, factory building Rent, factory Depreciation, sales equipment Insurance, factory equipment Advertising expense $265,000 55,000 78,000 179,000 110,000 6,000 340,000 52, 500 90,000 80,000 9,000 300,000 In addition, you have the following information about inventories during the year: Increase in raw materials Decrease in work in process Decrease in finished goods $15,000 $17,000 $29,000 Cleaning supplies are in the factory. Assume the company uses FIFO. Required: (a.) Calculate the cost of goods manufactured. (b.) Calculate the cost of goods sold. SHOW YOUR WORK