Glavine Corporation incurred the following costs while manufacturing its product.

Materials use in product	$125,000	Advertising expense	$45,000
Depreciation on plant	60,000	Prperty taxes on plant	19,000
Property taxes on store	7,500	Delivery expense	21,000
Labor costs of assembly-line workers	110,000	Sales commissions	35,000
Factory supplies used	23,000	Saleries 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.

(a) Compute cost of goods manufactured.

(b) Compute cost of goods sold.