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Perry Corporation incurred the following costs whilemanufacturing its product.,Materials used in product $120,000 ,Advertising expense $45,000,Depreciation on plant 60,000 ,Property taxes on plant 14,000,Property taxes on store 7,500,Delivery expense 21,000,Labor costs of assembly-line workers 110,000 ,Sales commissions 35,000,Salaries paid to sales clerks 50,000,Factory supplies used 23,000,Worked in process inventory was $12,000 at January 1 and$15,500 at December 31. Finished goods inventory was $60,000 at January 1 and $45,600 at December31.,a. Compute cost of goods manufactured.,b. Compute cost of goods sold.

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