The Corporation incurred the following costs while manufacturing its product:

Materials used in product $121,500 Advertising expense $45,400

Depreciation on plant 62,400 Property taxes on plant 19,300

Property taxes on warehouse 8,400 Delivery expense 21,000

Labour costs of assembly-line workers 110,700 Sales commissions 35,100

Factory supplies used 25,000 Salaries paid to sales clerks 50,600

Work in process inventory was $10,000 at January 1 and $14,300 at December 31. Finished goods inventory was $60,600 at January 1 and $51,100 at December 31.

Calculate the cost of goods manufactured.

2.

The Company reported the following costs and expenses in May:

Factory utilities $25,300 Direct labour $91,000

Depreciation on factory equipment 22,650 Sales salaries 54,600

Depreciation on delivery trucks 6,600 Property taxes on factory building 2,670

Indirect factory labour 56,300 Repairs to office equipment 2,900

Indirect materials 89,600 Factory repairs 3,000

Direct materials used 144,800 Advertising 26,000

Factory managers salary 19,100 Office supplies used 5,790

Determine the total amount of product costs. Ignore the money sign.