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Q#1 Glavine Corporation incurred the following costs while manufacturing its product. (10 Points) Materials used in product $125,000 Depreciation on plant 60,000 Property taxes on store 7,500 Labor costs of assembly-line workers 110,000 Factory supplies used 23,000 Advertising expense 45,800 Property taxes on plant 19,500 Delivery expense 20,000 Sales commissions 36,000 Salaries paid to sales clerks 51.000 Property taxes on plant 19,500 Delivery expense 20,000 Sales commissions 36,000 Salaries paid to sales clerks 51,000 Work-in-proess inventory was $27,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and $50,600 at December 31. a) Prepare a cost of goods manufactured schedule. b) Compute cost of goods sold