materials used in product 120,000, depreciation on plant 60,000 property taxes on store 7500, labor costs of assembly line workers 110,000, factory supplies used 23,000, advertising expense 45,000 property taxes on plant 14000, delivery expense 21000 sales commissions 35,000, salaries paid to sales clerks 50,000 work in process inventory was 12000 at january 1 and 15500 at december 31. finished goods inventory was 60,000 at january 1 and 45600 at december 31.

compute cost of goods manufactured and cost of goods sold