Exercise 15-8 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 workers 111,900 Sales commissions Factory supplies used $53,400 16,500 22,000 44,200 24,000 Salaries paid to sales clerks 51,100 $126,100 Advertising expense 70,700 Property taxes on plant 8,060 Delivery expense Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at Jlenuary 1 and $45,900 at December 31 Your answer is incorrect. Try again. Compute cost of goods manufactured Cost of goods maoufactured VIDEO: APPLIED SKILLS LINK TO TEXT Your answer is incorrect. Try again. Compute cost of goods sold. Cost of goods sold