Erdkamp Corporation incurred the following costs while manufacturing its product.

Materials used in product $120,000 Advertising expense $45,000 Depreciation on plant $60,000 Property taxes on plant $19,000 Property taxes on store $7,500 Delivery expense $21,000 Labor costs of assembly-line workers $110,000 Sales commissions $35,000 Factory supplies used $23,000 Salaries paid to sales clerks $50,000

Work-in-process inventory was $22,000 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) Compute cost of goods manufactured statement. (b) Compute cost of goods sold.

Please show work.