The Clear Reception Antenna Company incurred the following costs while manufacturing its High Gain Long Distance Television Antenna, rated a Best Buy in Consumer Reports. Materials used in product$ 105,320Advertising expense$24,000Depreciation on plant23,000Property taxes on plant8,600Property taxes on online store2,150Delivery expense11,000Labor costs assembly-line workers 111,650Sales commissions34,900Factory supplies used 10,870Salaries paid to clerks24,000Work-in-process inventory was $27,940 at January 1 and $19,300 at December 31. Finished goods inventory was $25,130 at January 1 and $31,210 at December 31.Instructions(a)Compute the cost of goods manufactured for Clear Reception Antenna Company.(b)Compute the cost of goods sold for the company.

Note: be sure to show your calculations for both part a. and b. in a well-organized presentation. Preparing and Submitting Your Quiz:Prepare your quiz solution using a Word or Excel document. Submit your quiz solution using the Chapter 1 Quiz Submission Module.Remember to view you uploaded quiz document and correct any issues with format or page breaks before submitting.