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Business, 19.03.2020 20:43 jaiyaharoldjh

Exercise 19-08 a-b Oriole Corporation incurred the following costs while manufacturing its product.

Materials used in product $126,400
Advertising expense $54,100
Depreciation on plant 61,000
Property taxes on plant 21,800
Property taxes on store 7,650
Delivery expense 27,300
Labor costs of assembly-line workers 113,500
Sales commissions 38,400
Factory supplies used 29,300
Salaries paid to sales clerks 55,400

Work in process inventory was $14,600 at January 1 and $16,700 at December 31. Finished goods inventory was $70,900 at January 1 and $49,100 at December 31.

Compute cost of goods sold.

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