"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 $121,000 61,000 7,600 111,000 24,000 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales derks $46,000 15,000 22,000 36,000 51,000 Work in process inventory was $13,000 at January 1 and $15,600 at December 31, Finished goods inventory was $61,000 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