The Horizon Cable Manufacturing Company incurred the following costs during their operating year ended December 31, 2022. The company manufactures a weather resistant high power cable they sell to SMUD and Washington Public Power. Raw materials purchased $ 114.000 Depreciation on plant 42.000 Property taxes on offices 3.750 Labor costs assembly-line workers 196.365 Factory supplies used 15,250 Advertising expense $36,000 Property taxes on plant 11.450 Delivery expense 11.000 Sales commissions 21,000 Salaries paid to sales staff 119,000 Additional Information for Inventories Raw Materials Inventory was $13,850 on January 1st and $11,525 on December 31st. Work-in-process inventory was $26,500 at January 1st and $15,500 at December 31st. Finished goods inventory was $45,800 at January 1st and $51,300 at December 31st. Instructions (a) Compute the cost of goods manufactured for Horizon Cable 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.

The Horizon Cable Manufacturing Company incurred the following costs during their operating year ended December 31, 2022. The company manufactures a weather resistant high power cable they sell to SMUD and Washington Public Power. Additional Information for Inventories Raw Materials Inventory was $13,850 on January 1st and $11,525 on December 3st. Work-in-process inventory was $26,500 at January 1st and $15,500 at December 31st. Finished goods inventory was $45,800 at January 1st and $51,300 at December 31st. Instructions (a) Compute the cost of goods manufactured for Horizon Cable 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