For July, determine (a) the cost of goods manufactured and (b) the cost of goods sold.

Cost of goods sold, cost of goods manufactured

Dandee Company has the following information for July:

Cost of   direct materials used in production

$84,000

Direct   labor

110,000

Factory   overhead

56,000

Work in   process inventory, July 1

41,000

Work in   process inventory, July 31

37,000

Finished   goods inventory, July 1

47,000

Finished   goods inventory, July 31

34,000

For July, determine (a) the cost of goods manufactured and (b) the cost of goods sold.