Work in process inventory was $14,500 at January 1 and $16,800 at December 31. Finished goods inventory was $69,500 at January 1 and $46,000 at December 31.

Question 4 Lopez Corporation incurred the following costs while manufacturing its product. Materlals used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers 111,300 Sales commissions Factory supplies used $129,100 Advertising expense $53,200 16,000 24,300 40,100 57,100 64,600 Property taxes on plant 8,160 Delivery expense 28,700 Salaries paid to sales clerks Work in process inventory was $14,500 at January 1 and $16,800 at December 31. Finished goods inventory was $69,500 at January 1 and $46,000 at December 31 Compute cost of goods manufactured Cost of goods manufactured LINK TO TEXT Compute cost of goods sold Cost of goods sold INK TO TEXT