1) 2) Lopez Corporation incurred the following costs while manufacturing...
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Accounting
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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 116,000 Sales commissions Factory supplies used $48,000 23,400 31,200 36,500 53,500 123,100 Advertising expense 62,700 Property taxes on plant 7,790 Delivery expense 25,000 Salaries paid to sales clerks Work in process inventory was $13,000 at January 1 and $17,500 at December 31. Finished goods inventory was $63,600 at January 1 and $46,100 at December 31. Compute cost of goods manufactured. Cost of goods manufactured s Compute cost of goods sold Cost of goods solds
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