Exercise 10-8 (Part Level Submission) Flint 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 $123,700 Advertising expense 62,600 Property taxes on plant 7,700 Delivery expense 119,500 Sales commissions 26,200 Salaries paid to sales clerks $48,000 17,800 28,200 40,600 57,600 Work in process inventory was $14,600 at January 1 and $17,500 at December 31. Finished goods inventory was $62,700 at January 1 and $50,000 at December 31. (a) Compute cost of goods manufactured. Cost of goods manufactured $