Exercise 14-8 Lopez 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 $120,000 Advertising expense 7,500 Delivery expense 110,000 Sales commissions $45,000 14,000 21,000 35,000 60,000 Property taxes on plant workers Salaries paid to sales clerks Factory supplies used 23,000 50,000 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 Your answer is incorrect. Try again Compute cost of goods manufactured. Cost of goods manufactured 327,000 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Your answer is incorrect. Try again. Compute cost of goods sold Cost of goods sold 324000 Question Attempts: Unlimited