E14.9 (LO3), AP Lopez Corporation incurred the following costs during 2022. Work in process inventory was $12,000 at January 1 and $15,500 at December 31 . Finished goods inventory was $60,000 at January 1 and $45,600 at December 31 Instructions a. Compute cost of goods manufactured. b. Compute cost of goods sold. c. For those costs not included in the calculations in part (a) or part (b), explain how they would be classified and reported in the financial statements