The Following Selected Account Balances for the Year Ended December

The following selected account balances for the year ended December 31 are provided for Amita Company:
$\begin{array}{|l|r|}\hline \text { Purchases of raw materials } & \$ 260,000 \\\hline \text { Direct labour } & 65,000 \\\hline \text { Maintenance, factory } & 74,000 \\\hline \text { Selling and administrative salaries } & 179,000 \\\hline \text { Depreciation, factory equipment } & 110,000 \\\hline \text { Cleaning supplies } & 6,000 \\\hline \text { Sales commissions } & 350,000 \\\hline \text { Utilities, factory building } & 52,000 \\\hline \text { Rent, factory } & 90,000 \\\hline \text { Depreciation, sales equipment } & 80,000 \\\hline \text { Insurance, factory equipment } & 8,000 \\\hline \text { Advertising expense } & 300,000 \\\hline\end{array}$
In addition,you have the following information about inventories during the year:
$\begin{array}{|l|l|}\hline \text { Increase in raw materials } & \$ 10,000 \\\hline \text { Decrease in work in process } & \$ 15,000 \\\hline \text { Decrease in finished goods } & \$ 30,000 \\\hline\end{array}$
Cleaning supplies are in the factory.
Assume the company uses FIFO.
Required:
(a.)Calculate the cost of goods manufactured.
(b.)Calculate the cost of goods sold.