Forster Corporation incurred the following costs while manufacturing its product.

Materials used in product$ 125,000Advertising expense$45,000

Depreciation on plant 60,000Property taxes on plant19,000

Property taxes on store 7,500Delivery expense 21,000

Labor costs of assembly-line workers 110,000Sales commissions 35,000

Factory supplies used 23,000Salaries paid to sales clerks 50,000

Work-in-process inventory was $27,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and $50,600 at December 31.

Required:

(a)Compute cost of goods manufactured.

(b)Compute cost of goods sold.