The Horizon Cable Manufacturing Company incurred the following costs while manufacturing its high voltage cables for SMUD and Washington Public Power.

Materials used in product$ 114,000Advertising expense$36,000

Depreciation on plant55,000Property taxes on plant12,250

Property taxes on store4.350Delivery expense11,000

Labor costs assembly-line workers108,500Sales commissions24,000

Factory supplies used 19,600Salaries paid to sales clerks24,000

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.

Note: be sure to show your calculations for both part a. and b. in a well-organizedpresentation.