Lopez Corporation incurred the following costs while manufacturing its product. Material used in a product - $120,000 Depreciation on plant 60,000 Dispatchers salary -5,000 Property taxes on store -7,500 Labor costs of assembly-line workers- 110,000 Factory supplies- 23,000 Advertising expense- 45,000 Property taxes on plant- 14,000 Delivery expense 21,000 Sales commissions 35,000 Salaries paid to sales clerks 50,000 Work in process inventory was $12,000 at January 1 and $15,000 at December 31. Finished goods inventory was $60,000 at January 1 and $45,600 at December 31. (A) compute cost of goods manufactured (b) compute cost of goods sold