Compute cost of goods manufactured

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Question - Lopez Corporation incurred the following costs while manufacturing its product.

Materials used in product

$121,200

Advertising expense

$55,530

Depreciation on plant

65,200

Property taxes on plant

22,150

Property taxes on store

8,380

Delivery expense

27,830

Labor costs of assembly-line workers

114,670

Sales commissions

45,720

Factory supplies used

24,290

Salaries paid to sales clerks

58,080

Work in process inventory was $14,060 at January 1 and $17,540 at December 31. Finished goods inventory was $64,520 at January 1 and $48.270 at December 31.

Compute cost of goods manufactured.

Reference no: EM131568329

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