Could you please let me know how I would calculate COGM and COGS and what the values are here? Also, would depreciation on plant and property taxes on plant be included in Manufacturing Overhead or would they be considered a period cost and deducted as an expense in the income statement? What about factory supplies used and supervisors salary and factory insurance? Thanks.

Question 14 The following costs were incurred by a manufacturing company: Materials used in product $121,000 Depreciation on plant 6,450 Property taxes on plant 770 Labour costs of assembly-line workers 150,400 Factory supplies used 3,400 Advertising expense 5,000 Factory insurance 21,250 Factory supervisor's salary 50,000 Work in process inventory was $5,700 at January 1 and $6,000 at December 31. Finished goods inventory was $30,900 at January 1 and $30,600 at December 31 Calculate cost of goods manufactured. Cost of goods manufactured $ 324500 LINK TO TEXT Calculate cost of goods sold. Cost of goods sold $ 324800