O Kepairs on ottice equipment 180 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs. E15-8 Lopez Corporation incurred the following costs while manufacturing its product. Compute cost of goods Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line 45.000 manufactured and soled 14,000 (LO 3) 21,000 35,000 $120,000 Advertising expense 60,000 Property taxes on plant 7,500 Delivery expense Sales commissions Salaries paid to sales workers 110,000 Factory supplies used 23,000 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 Instructions (a) Compute cost of goods manufactured. (b) Compute cost of goods sold