A manufacturer had the following Ceet of Goods Manufactured (COGMand Cost of Goods Sold (COGS) Schedule Schedule of Cost of Goods Manufactured $45,000 $293,000 $51,750 Opening balance Direct Materials Ac Purchases Direct materials available for use Closing balance Direct materials used in production Opening balance Work in Process Ac Direct labour Overheaddirect costs Total cost in Work in Process (WIP) Ac Closing balance WP Cost of Goods Manufactured $241,250 $92,000 $96,500 $241,300 $67,870 $138.000 Schedule of Cost of Goods Sold Opening balance Finished Goods Ac Cost of goods manufactured Cost of goods available for sale Closing balance Cost of Goods Sold (COGS) $172,500 Sales $888,563 COGS Gross Profit (GP) % GP Required Calculate the missing amounts and enter the PERCENTAGE GROSS PROFIT into the answer box Ensure you include the (%) symbol at the end of the number. (Eg. if you wish to enter 50 percent enter 50%) BE SURE TO ROUND YOUR PERCENTAGE TO THE NEAREST WHOLE NUMBER 1. 50.00005% should be entered as 50%)