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Question 17 The following costs were incurred by a manufacturing company: Materials used in product $121,200 Depreciation on plant 6,370 Property taxes on plant 970 Labour costs of assembly-line workers 150,700 Factory supplies used 2,600 Advertising expense 4,950 Factory insurance 21,900 Factory supervisor's salary 50,450 Work in process inventory was $5,200 at January 1 and $6,000 at December 31. Finished goods inventory was $30,200 at January 1 and $30,000 at December 31. Calculate cost of goods manufactured. Cost of goods manufactured $ LINK TO TEXT Calculate cost of goods sold. Cost of goods sold