Ivanhoe Corporation incurred the following costs while manufacturing its product: Materials used in product Depreciation on plant Property taxes on warehouse Labour costs of assembly-line workers Factory supplies used Calculate the cost of goods manufactured. Cost of goods manufactured $ $121,600 Calculate the cost of goods sold. Cost of goods sold $ 63,000 7,650 110,600 25,100 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $45,300 19,000 Work in process inventory was $10,700 at January 1 and $14,900 at December 31. Finished goods inventory was $60,700 at January 1 and $51,500 at December 31. 21,500 35,300 50,800

Ivanhoe Corporation incurred the follewing costs while manufacturing its product: Work in process inventory was $10,700 at January 1 and $14,900 at December 31 . Finished goods inventory was $60,700 at January 1 and $51,500 at December 31 . Calculate the cont of goods manufactured. Cost of goods manufactured Calculate the cost of goods sold. Cost of goodssold