Kingbird Corporation incurred the following costs during 2022. Direct materials used in product Depreciation on factory Property taxes on store Labor costs of assembly-line workers Factory supplies used (a) Compute cost of goods manufactured. $96,000 Cost of goods manufactured $ 48,000 6,000 88,000 18,400 Advertising expense Property taxes on factory Delivery expense Sales commissions Salaries paid to sales clerks $36,000 11,200 16,800 Work in process inventory was $9,600 at January 1 and $12,400 at December 31. Finished goods inventory and $36,500 at December 31. 28,000 40,000