Ebony Company has the following information for July:

Cost of gods sold, Cost of goods manufactured

Ebony Company has the following information for July:

Cost of direct materials used in production	67200
Direct labor	88000
Factory ovehead	44800
Work in process inventory, July 1	32800
Work in process inventory, July 31	29600
Finished goods inventory, July 1	37600
Finished goods inventory, July 31	27200

a. For July, determine the cost of goods manufactured.

Using the data given, prepared a statement of cost of goods Manufactured.

b. For July, determine the cost of goods sold.

Using the data given, prepare a statement of cost of goods sold.