Lopez Corporation incurred the following costs during 2022. Direct materials used in product $120,000 Advertising expense $45,000 Depreciation on factory 60,000 Property taxes on factory 14,000 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 Salaries paid to sales clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,500 at December 31. Finished goods inventory was $60,000 at January 1 and $45,600 at December 31. (a) Compute cost of goods manufactured. Cost of goods manufactured $ Compute cost of goods manufactured. Cost of goods manufactured eTextbook and Media Save for Later (b) Compute cost of goods sold Cost of goods sold $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Attempts: 0 of 3 used Answer 2 3 54 ux % 5 < & 0 7 8 61 9 2 W E R T Y U 1 P 1 S D F G H K LO N x C V B N M V. ^ ? H K command command option