Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $127,700 Advertising expense $48,600 63,300 Property taxes on plant 21,800 Depreciation on plant Property taxes on store 7,630 Delivery expense 23,500 Labor costs of assembly-line workers 120,100 44,900 Sales commissions Salaries paid to sales clerks Factory supplies used 29,400 51,800 Work in process inventory was $13,400 at January 1 and $17,300 at December 31. Finished goods inventory was $62,100 at January 1 and $47,500 at December 31. * Your answer is incorrect. Compute cost of goods manufactured. Cost of goods manufactured 359,600 e Textbook and Media x Your answer is incorrect. Compute cost of goods sold. Cost of goods sold $ 374,700