Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers 119,500 Sales commissions Factory supplies used $124,000 Advertising expense $48,600 18,700 30,900 37,900 60,600 67,300 Property taxes on plant 7,960 Delivery expense 26,500 Salaries paid to sales clerks Work in process inventory was $13,000 at January 1 and $17,100 at December 31. Finished goods inventory was $69,400 at January 1 and $48,200 at December 31. Compute cost of goods manufactured Cost of goods manufactured LINK TO TEXT VIDEO: APPLIED SKILLS Compute cost of goods sold Cost of goods sold