W University of Windsor Odette School of business BSMM 8110-Accounting Concepts and Techniques Einal Exam-Spring semester 2023 Professor: Dr. S. Mitra Points: 150 Question no. 1 110108921 Name MOSES YUSUF Answer all questions. Glavine Corporation incurred the following costs while manufacturing its product. Advertising expense Materials used in product $ 125,000 Depreciation on plant 60,000 Property taxes on plant Property taxes on store 7,500 Delivery expense Labor costs of assembly-line workers 110,000 Sales commissions Factory supplies used 23,000 Salaries paid to sales clerks 15 $45,000 19,000 21,000 35,000 50,000 Work-in-process inventory was $27,000 at January 1 and $15,500 at December 31. Finished goods inventory was $65,000 at January 1 and $50,600 at December 31. (a) Compute cost of goods manufactured. (b) Compute cost of goods sold. (9) Direct Material 125