Lopez Corporation incurred the following costs while manufacturing its product. Materials used in product $129,400 Advertising expense $46,700
Depreciation on plant 63,100 Property taxes on plant 19,100
Property taxes on store 8,510 Delivery expense 29,900
Labor costs of assembly-
line workers 114,900 Sales commissions 38,300
Factory supplies used 27,900 Salaries paid to sales clerks 59,000
Work in process inventory was $13,300 at January 1 and $17,000 at December 31. Finished goods inventory was $69,700 at January 1 and $48,400 at December 31.
Compute cost of goods manufactured.
Cost of goods manufactured $
Compute cost of goods sold.
Cost of goods sold $

Cost of goods manufactured= $350,700

Cost of goods sold= $372,000

Explanation:

The cost of goods manufactured can be calculated as follows

= Direct materials utilized + factory supplies utilized + direct labor + depreciation on plants + property taxes on plant + work in process. January 1 - work in process December 31

= 129,400 + 27,900 + 114,900 + 63,100 + 19,100 + 13,300 -17,000

= $350,700

The cost of goods sold can be calculated as follows

= finished goods on January 1 + cost of goods manufactured - finished goods on December 31

= 69,700 + 350,700 - 48,400

= $372,000

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans. 

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.