Exercise 15-8 (Part Level Submission) 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 Factory supplies used $53,200 15,600 22,500 46,000 56,600 $121,500 Advertising expense 68,900 Property taxes on plant 8,110 Delivery expense 117,400 28,200 Sales commissions Salaries paid to sales clerks Work in process inventory was $13,300 at January 1 and $16,700 at December 31. Finished goods inventory was $66,000 at January 1 and $47,400 at December 31 (a) Compute cost of goods manufactured Cost of goods manufactured LINK TO TEXT VIDEO: APPLIED SKILLS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER Earn Maximum Points available only if you answer this question correctly in your first attempt. The parts of this question must be completed in order. This part will be available when you complete the part above