Business, 17.10.2020 19:01 umadbro8404

Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $129,400 Advertising expense $46,700
Depreciation on plant 63,100 Property taxes on plant 19,100
Property taxes on store 8,510 Delivery expense 29,900
Labor costs of assembly-
line workers 114,900 Sales commissions 38,300
Factory supplies used 27,900 Salaries paid to sales clerks 59,000
Work in process inventory was $13,300 at January 1 and $17,000 at December 31. Finished goods inventory was $69,700 at January 1 and $48,400 at December 31.
Compute cost of goods manufactured.
Cost of goods manufactured $
Compute cost of goods sold.
Cost of goods sold $

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Lopez Corporation incurred the following costs while manufacturing its product. Materials used in p...

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