A manufacturer had the following Cost of Goods Manufactured [CO GM and Cast of Goods Sold (COGS) Schedule. Schedule of Cost of Goods Manufactured Opening balance Direct Materials Ac $45,000 Purchases Direct materials available for use $293,000 Closing balance $51,750 Direct materials used in production $241,250 Opening balance Work in Process Ac $92,000 Direct labour $96,500 Overhead/Indirect costs $241,300 Total cost in Work in Process (WIP ) Ac Closing balance WP $67,870 Cost of Goods Manufactured Schedule of Cost of Goods Sold Opening balance Finished Goods Ac $138,000 Cost of goods manufactured Cost of goods available for sale Closing balance $172.500 Cost of Goods Sold (COGS) Sales 6888 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 (16) 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 Le. 50.00005% should be entered as 5015)