Exercise 14-8 (Part Level Submission)

Lopez Corporation incurred the following costs while manufacturing its product.

Materials used in product		$124,700		Advertising expense		$50,500
Depreciation on plant		68,800		Property taxes on plant		22,700
Property taxes on store		8,230		Delivery expense		30,800
Labor costs of assembly-line workers		111,600		Sales commissions		41,800
Factory supplies used		25,300		Salaries paid to sales clerks		57,800

Work in process inventory was $14,200 at January 1 and $16,800 at December 31. Finished goods inventory was $69,300 at January 1 and $48,000 at December 31.

What would be the costs of goods sold?