70,000 12,000 27,000 72,000 120,000 250,000 Data Table Accounts receivable, January 1, 2020 Accounts payable, January 1, 2020 Raw materials, January 1, 2020 Work in process, January 1, 2020 Finished goods, January 1, 2020 Accounts receivable, December 31, 2020 Accounts payable, December 31, 2020 Raw materials, December 31, 2020 Work in process, December 31, 2020 Finished goods, December 31, 2020 Raw materials used in production Raw materials purchased Accounts receivable collections Accounts payable payments Sales $ 70,000 65,000 53,000 80,000 150.000 2 12.000 27.000 72,000 120.000 250,000 81,000 2 Total manufacturing costs Cost of goods manufactured Cost of goods sold Gross margin Accounts receivable, January 1, 2020 Accounts payable, January 1, 2020 Raw materials, January 1, 2020 Work in process, January 1, 2020 Finished goods, January 1, 2020 Accounts receivable, December 31, 2020 Accounts payable. December 31, 2020 Raw materials, December 31, 2020 Work in process, December 31, 2020 Finished goods, December 31, 2020 Raw materials used in production Raw materials purchased Accounts receivable collections Accounts payable payments Sales Total manufacturing costs Cost of goods manufactured Cost of goods sold Gross margin 210,000 65.000 50.000 80,000 150,000 2 81.000 2 2 TO of Sales 210.000 Print Done