Exercise 19-8 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 Factory supplies used $121,500 Advertising expense $53.200 15,600 22,500 46,000 28,200 Salaries paid to sales clerks 56,600 68,900 Property taxes on plant 8.110 Delivery expense 117,400 Sales commissions 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 Compute cost of goods manufactured Cost of goods manufactured Compute cost of goods sold. Cost of goods sold