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The Zoe Corporation has the following information for the month March. Determine the (a) cost of goods manufactured, and (b) cost of goods sold.

Cost of materials placed in production $69,000
Direct labor 27,000
Factory overhead 34,000
Work in process, March 1 15,000
Work in process, March 31 19,500
Finished goods inventory, March 1 25,000
Finished goods inventory, March 31 23,000

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