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 111,900 Sales commissions Factory supplies used $126,100 Advertising expense $53,400 16,500 70,700 Property taxes on plant 8,060 Delivery expense 44,200 51,100 24,000 Salaries paid to sales clerks Work in process inventory was $14,300 at January 1 and $16,600 at December 31. Finished goods inventory was $70,600 at January 1 and $45,900 at Decembe Compute cost of goods manufactured. Cost of goods manufactured Compute cost of goods sold. Cost of goods sold of 910 FS 97