Transactions for the Period

Debenture Interest Charges $9 500

Depreciation on Factory Plant 7 300

Direct Labour 42 000

Direct Materials Purchases 155 000

Duty and Inward Charges on Direct

Materials Purchased 11 000

Plant Supervisor Salaries 10 000

Salesmen's Salaries 30 000

Sundry Manufacturing Expenses 24 000

Inventories at Beginning of the Period

Work in Process $23 200

Direct Materials 40 000

Finished Goods 50 000

Inventories at End of the Period

Work in Process $15 800

Direct Materials 14 000

Finished Goods 18 000

An actual cost system is used in which actual overhead is charged to production.

What is the cost of the goods transferred into finished goods in this period?What is the cost of goods sold?