The XYZ manufacturing company shows the following account balances for the financial year 2013. Calculate the cost of goods manufactured and the cost of goods sold (in $ 000).

$000

Depreciation plant and equipment 32

Direct materials inventory 1.1.13 9

Direct material purchases 57

Finished goods inventory 1.1.13 12

Indirect materials used 14

Plant repairs and maintenance 18

Direct manufacturing labour 72

Plant utilities 31

Fire insurance plant 8

General administrative costs 21

Marketing and advertising 18

Depreciation plant building 14

Customer service cost 9

Work in progress inventory 1.1.13 18

Work in progress inventory 31.12.13 22

Finished goods inventory 31.12.13 24

Direct materials inventory 31.12.13 7

Indirect manufacturing labour 16

Plant supervision 17

Miscellaneous plant overhead 30