Lopez Corporation incurred the following costs while manufacturing its product Materials used in product Depreciation on plant

Question

Lopez Corporation incurred the following costs while manufacturing its product Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly line workers Factory supplies used a Compute cost of goods manufactured Cost of goods manufactured 127 700 63 100 7 740 116 700 29 600 Advertising expense Property taxes on plant Delivery expense Sales commissions Salaries paid to sales clerks 48 000 Work in process inventory was 14 700 at January 1 and 17 400 at December 31 Finished goods inventory was 63 200 at January 1 and 45 900 at December 31 15 000 25 000 36 000 58 100

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