Sheridan Corporation incurred the following costs while manufacturing its product. Materials used in product $115,000 Depreciation on factory 55,200 Property taxes on store 6,900 Labor costs of assembly-line workers 101,200 Factory supplies used 21,160 Advertising expense 41,400 Property taxes on factory 17,480 Delivery expense 19,320 Sales commissions 32,200 Salaries paid to sales clerks 46,000 Work in process inventory was $24,840 at January 1 and $14,260 at December 31. Finished goods inventory was $59,800 at January 1 and $46,540 at December 31. (Assume all raw materials used were direct materials.) (a) Compute cost of goods manufactured. Cost of goods manufactured $