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Sinjay Corporation incurred the following costs while manufacturing its product: Materials used in product $122,000 Advertising expense $45,000 Depreciation on plant 62,200 Property taxes on

Sinjay Corporation incurred the following costs while manufacturing its product:

Materials used in product $122,000 Advertising expense $45,000
Depreciation on plant 62,200 Property taxes on plant 19,050
Property taxes on warehouse 7,560 Delivery expense 21,200
Labour costs of assembly-line workers 110,600 Sales commissions 35,450
Factory supplies used 25,900 Salaries paid to sales clerks 50,700

Work in process inventory was $10,300 at January 1 and $14,800 at December 31. Finished goods inventory was $60,700 at January 1 and $51,500 at December 31.

(a)

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Calculate the cost of goods manufactured.

Cost of goods manufactured $

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(b)

Calculate the cost of goods sold.

Cost of goods sold $

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