Exercise 14-08 a-b (Video) Swifty Corporation incurred the following costs while manufacturing its product. Materials used in product $126,900 Advertising expense. $50,000 Depreciation on plant Property taxes on store 70,600 Property taxes on plant 8,360 Delivery expense 23,000 25,800 Labor costs of assembly-line workers 119,600 Sales commissions 36,500 Factory supplies used 25,000 Salaries paid to sales clerks 59,600 Work in process inventory was $14,600 at January 1 and $16,800 at December 31. Finished goods inventory was $69,000 at January 1 and $49,900 at December 31. Compute cost of goods manufactured. Cost of goods manufactured LINK TO TEXT Compute cost of goods sold. Cost of goods sold VIDEO: SIMILAR EXERCISE