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Raynor Company has the following data: Glavine Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes

Raynor Company has the following data: image text in transcribedimage text in transcribed

Glavine 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 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks $125,000 60,000 7,500 110,000 23,000 45,000 19,000 21,000 35,000 50,000 Work-in-process inventory was $27,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and $50,600 at December 31. Compute cost of goods manufactured. Cost of goods manufactured

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