Materials used in product	120,000		Advertising Expense	45,000
Depreciation on plant	60,000		Property taxes on plant	14,000
Property taxes on store	7,500		Delivery Expense	21,000
Factory supplies used	23,000		Sales commissions	35,000
Labor costs of assembly-line workers	110,000		Salaries paid to sales-clerks	50,000

Work in process inventory was $12,000 at January 1 and 15,500 at December 31.

Finished goods inventory was $60,000 at January 1 and $45,600 at December 31.

Cost of Goods Manufactured = $323,500

Finished goods
Cost of goods manufactured
Cost of goods available for sale (add the 2 items above this for the total)
Finished goods
Cost of goods sold