WOrR IH proces Finished goods inventory, March 1ta 42,000 . Finished goods inventory, March 31 id For March, determine (a) the cost of goods manufactured and (b) the cost of goods sold. OBJ. 3 PE 1-5B Cost of goods sold, cost of goods manufactured Ebony Company has the following information for July: Cost of direct materials used in production$67,200 Direct labor Factory overhead Work in process Inventory, July 1, peyant r Work In process Inventor, July 31 44,800 32,800 29,600 37,600 Finished goods inventory, July 3127,200 16 i p 1 ,'am ali ? Finished goods inventory, July 1, ..-.. . :irgn. For July, determine (a) the cost of goods manufactured and (b) the cost of goods sold. EX 1-1 Classifying costs as materials, labor, or factory overhead Indicate whether each of the following costs of an automobile manufacturer would be classified as direct materials cost directi labot cost or factory overhena OBJ.2