Holiday Products Company had the following inventory balances at the beginning and end of March 2000 :
$$
\begin{array}{lrr}
& \text { March 1, 2000 } & \text { March 31, 2000 } \\
\hline \text { Raw Materials Inventory } & \$ 12,000 & \$ 16,000 \\
\text { Work in Process Inventory } & 68,000 & 84,000 \\
\text { Finished Goods Inventory } & 32,000 & 24,000
\end{array}
$$
All raw materials are direct to the production process. The following information is also available about March manufacturing costs:
$$
\begin{array}{lr}
\text { Cost of raw materials used } & \$ 128,000 \\
\text { Direct labor cost } & 162,000 \\
\text { Factory overhead } & 116,000
\end{array}
$$
a. Calculate the cost of goods manufactured for March.
b. Determine the cost of goods sold for March.