17 X R CH18 Graded Written Homework Assignment Raw materials Inventory Work-in-process inventory Finished goods inventory L M N O P Q Calculate the following and enter your answers in the boxes provided: Cost of goods manufactured 1,341,000 Cost of goods sold 1355 100 Gross margin of sales are $3,000,000 G 1,644,900 30000001355100 Income from operations 1.141.000 (164936280025000 216000 Net income 950,400 (1141600-110000-1200-40000) Cotal amount for inventory reported on 2020 Balance sheet 190.900 73000+ 35700 +62.200) Instructions: Use the T-accounts to show the flow of product costs through the general ledger and provide the answers for the calculations listed above. (Enter answers, and work to arrive at answers, in the boxes provided.) Denning of year 76,300 29,100 Raw materials inventory m ed goods inventory Work-in-process inventory Production line workers wages es at the plant Insurance en plant General and administrative expenses Income tax expense Purchases of raw materials Depreciation copiers at corporate beadquarters Interest expense Kepairs and maintenance on the plant Depreciation plant building and equipment Loss on the sale of an investment Marketing expenses Plantmanager's salary Unrealized loss - Equity End of Year $ 73,000 02.200 55,700 323.000 32.000 124.000 262,500 297,200 526.600 25.000 110.000 82.000 185.000 41.200 216.000 95.600 40,000 NOTE: Five percent of the materials that were put into production were indirect materials