The Horizon Cable Manufacturing Company incurred the following costs while manufacturing its high voltage cables for SMUD and Washington Public Power. Advertising expense Materials used in product $ 114,000 $36,000 Depreciation on plant 42,000 Property taxes on plant 11,920 Property taxes on store 3,750 Delivery expense 11,000 Labor costs assembly-line workers 96,365 Sales commissions 21,000 Factory supplies used 17,250 Salaries paid to sales clerks 19,000 Work-in-process inventory was $26,500 at January 1 and $15,500 at December 31. Finished goods inventory was $45,800 at January 1 and $51,300 at December 31. Instructions (a)Compute the cost of goods manufactured for Horizon Cable Company. (b)Compute the cost of goods sold for the company.