Exercise 19-08 a-b Concord 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 $125,700 Advertising expense 63,400 Property taxes on plant 8,100 Delivery expense 116,100 Sales commissions 31,700 Salaries paid to sales clerks $51,700 23,100 24,700 43,900 52,800 Work in process inventory was $13,800 at January 1 and $17,600 at December 31. Finished goods inventory was $68,800 at January 1 and $45,700 at December 31. Compute cost of goods manufactured. Cost of goods manufactured $ Compute cost of goods sold. Cost of goods sold