Pena Corporation incurred the following costs while manufacturing its product. Materials used in product $109,000 Advertising expense $55,000 Depreciation on plant 66,000 Property taxes on plant 16,000 Property taxes on store 8,000 Delivery expense 26,000 Labor costs of assembly-line workers 119,000 Sales commissions 44,000 Factory supplies used 33,000 Salaries paid to sales clerks 59,000 Work-in-process inventory was $14,400 at January 1 and $16,700 at December 31. Finished goods inventory was $64,000 at January 1 and $57,000 at December 31. Compute the following: Cost of goods manufactured