1. PIP'S PIE COMPANY HAS THE FOLLOWING MANUFACTURING COSTS: DIRECT MATERIALS USED: DIRECTLABOR MANUFACTURING OVERHEAD $40,000 $52,000 $28,000 PIP'S INVENTORY ACCOUNTS HAD THE FOLLOWING BALANCES: RAW MATERIALS $0 WIP BEGINNING $8,500 WIP ENDING $13,000 FINISHED GOODS BEGINNING $14,750 FINISHED GOODS ENDING $9,800 REQUIRED: 1. PREPARE THE STATEMENT OF COST OF GOODS MANUFACTURED 2. WHAT IS THE COST OF GOODS SOLD 3. WHAT IS THE GROSS MARGIN IF PIP SOLD 1,200 PIES AT $20 EACH?