Timbuk 3 Company has the following information for March:

Cost of direct materials used in production$21,000

Direct Labor54,250

Factory overhead35,000

Work in process inventory, March 187,500

Work in process inventory, March 3192,750

Finished goods inventory, March 136,750

Finished goods inventory, March 3142,000

For the month of March, determine:

*format all answers with a dollar sign and comma ($x,xxx)

a) cost of goods manufactured

b) cost of goods sold