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 Factory supplies used $126,000 65,900 8,030 115,200 32,200 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $48,300 23,500 30,200 37,200 55,400 Work in process inventory was $14,400 at January 1 and $17,400 at December 31. Finished goods inventory was $64,000 at January 1 and $45,900 at December 31. Compute cost of goods manufactured. Cost of goods manufactured $