7) Fill in the blanks - Inventory Craigco had the following information in their inventory system. Fill in the blanks. Work in process inventory, January 1 $10,000 Raw Materials inventory January 1 $7,000 Materials purchased in January 43,000 Materials used in January $45,000 Raw Materials, January 31 $5,000 Work in process inventory, January 31 $8,000 Finished Goods Inventory, January 1 $185,000 Finished Goods Inventory, January 31 119,000 Direct Labour, January $50,000 Indirect Labour, January $15,000 Manufacturing Overhead, January $12,000 Revenue $185,000 Gross Margin $45,000