Glavine Corporation incurred the following costs while manufacturing its product.

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

Depreciation on plant60,000Property taxes on plant19,000

Property taxes on store7,500Delivery expense21,000

Labor costs of assembly-line workers110,000Sales commissions35,000

Factory supplies used23,000Salaries 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.

Instructions

(a) Compute cost of goods manufactured.

(b) Compute cost of goods sold.