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Glavine Corporation incurred the folowing costs while manufacturing its product Materials used in product $ 90,000 Advertising expense $45,000 Depreciation on plant 60,000 Property taxes on plant 19,000 Property taxes on store 7,500 Delivery expense 21,000 Labor costs of assembly-line workers 110,000 Sales commissions 35,000 Factory supplies used 23,000 Salaries paid to sales clerks 50.000 Work-in-process inventory was $22,000 at January 1 and $15,500 at December 31 Finished goods inventory was $65,000 at January 1 and $55,600 at December 31 NOTE: NOT ALL COSTS LISTED ABOVE WILL BE USED. PERIOD COSTS ARE NOT INCLUDED IN THESE CALCULATIONS. ALSO, CALCULATION FOR ENDING RAW MATERIALS INVENTORY NOT NECESSARY. Instructions (part o) Compute cost of goods manufactured (no adjustment for overapplied or underappled overhead is necessary) (part b) Compute cost of goods sold. TTT Ariel 11 31200 T.EE 36