E5-8 Coldplay Corporation incurred the following costs while manufacturing its product. Instructions (a) Compute cost of goods manufactured. (b) Compute cost of goods sold. Materials used in product: $100,000 = 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: $45,000 = Property taxes on plant: 14,000 = Delivery expense: 21,000 = Sales commissions: 35,000 = Salaries paid to sales clerks: 50,000 =