Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $123,100 Advertising expense $48,000 Depreciation on plant 62,700 Property taxes on plant 23,400 Property taxes on store 7,790 Delivery expense 31,200 Labor costs of assembly-line workers 116,000 Sales commissions 36,500 Factory supplies used 25,000 Salaries paid to sales clerks 53,500 Work in process inventory was $13,000 at January 1 and $17,500 at December 31. Finished goods inventory was $63,600 at January 1 and $46,100 at December 31. Compute cost of goods manufactured and cost of goods sold.