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 p

a. For July, determine the cost of goods manufactured.Ebony CompanyStatement of Cost of Goods ManufacturedWorking process inventroy, July 1 32800Cost of direct materials used in production67200 Direct labor88000 Factory overhead44800 Total manufacturing costs incurred during July 200000Total manufacturing costs  232800Less work in process inventory, July 31 -29600Cost of goods manufactured 203200b. For July, determine the cost of goods sold.Ebony CompanyStatement of Cost of Goods SoldFinished goods inventory, July 1 37600Cost of goods manufactured203200Cost of finished goods available for sale240800Less finished goods iventory, July 31-27200Cost of goods sold213600