Novak 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 (a) Compute cost of goods manufactured, $120,000 Cost of goods manufactured 60,000 7,500 110,000 23,400 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $45,000 14,200 20,800 Work in process inventory was $12.100 at January 1 and $15,400 at December 31. Finished goods inventory was $60,000 at January 1 and $45,500 at December 31. 35,000 50,000

Novak Corporation inbured the following conts while manuf acturing its product. 1 and 545,500 a Decenther 21