Glavine Corporation Incurred the Following Costs While Manufacturing Its Product

Glavine Corporation incurred the following costs while manufacturing its product. $\begin{array}{lrllr}\text { Waterials used in product } & \$ 125,000 & & \text { Advertising expense } & \$ 45,000 \\\text { Depreciation on plant } & 60,000 & & \text { Property taxes on plant } & 19,000 \\\text { Property taxes on store } & 7,500 & & \text { Delivery expense } & 21,000 \\\text {Labor costs of assembly-line workers } & 110,000 & & \text { Sales commissions } & 35,000 \\\text { Factory supplies used } & 23,000 & & \text { Salaries paid to sales clerks } &50,000\end{array}$ Work-in-process inventory was $27000 at January 1 and $15500 at December 31. Finished goods inventory was $65000 at January 1 and $50600 at December 31.
Instructions
(a) Compute cost of goods manufactured.
(b) Compute cost of goods sold.