Craig Corporation incurred the following costs while manufacturing its product.

Materials used in product	$105,150		Advertising expense	$43,520
Depreciation on plant	61,850		Property taxes on plant	18,190
Property taxes on store	7,581		Delivery expense	21,470
Labor costs of assembly-line workers	105,720		Sales commissions	32,130
Factory supplies used	24,430		Salaries paid to sales clerks	47,100

Work-in-process inventory was $13,470 at January 1 and $12,300 at December 31. Finished goods inventory was $62,910 at January 1 and $57,180 at December 31.

Instructions

(a) Compute cost of goods manufactured. (b) Compute cost of goods sold.