2. (17 poin ts) Glavine Corporation incurred the following costs while manufacturing its product Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used 125,000 Advertising expense $45,000 19,000 21,000 60,000 Property taxes on plant Sales commissions Salaries paid to sales clerks 7,500 Delivery expense 110,000 5,000 50,000 23,000 rocess 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. Instructions (a) Prepare the schedule and compute cost of goods manufactured. (b) Prepare the schedule and compute cost of goods sold