Lopez Corporation incurred the following costs while manufacturing its product.

Materials used in product	$121,000	Advertising expense	$46,000
Depreciation on plant	61,000	Property taxes on plant	15,000
Property taxes on store	7,600	Delivery expense	22,000
Labor costs of assembly-line workers	111,000	Sales commissions	36,000
Factory supplies used	24,000	Salaries paid to sales clerks	51,000

Work in process inventory was $13,000at January 1 and $16,600at December 31. Finished goods inventory was $61,000at January 1 and $45,700at December 31.

Compute cost of goods manufactured and cost of goods sold