Pena Corporation incurred the following costs while manufacturing its product.
| Materials used in product | $102,000 | Advertising expense | $48,000 | |
| Depreciation on plant | 67,000 | Property taxes on plant | 24,000 | |
| Property taxes on store | 8,500 | Delivery expense | 24,000 | |
| Labor costs of assembly-line workers | 115,000 | Sales commissions | 45,000 | |
| Factory supplies used | 29,000 | Salaries paid to sales clerks | 53,000 |
Work-in-process inventory was $14,000 at January 1 and $17,500 at December
31. Finished goods inventory was $69,000 at January 1 and $56,800 at December
31.
Compute the following:
| Cost of goods manufactured | $ |
| Cost of goods sold | $ |