Accounting 315 Cost Flow Handout Problem The following T-account cost data is for the Hill Company for the production and calendar year 2020: Raw Materials Inventory Work-in-Process Inventory 65 70 Beg Bal 30 ??? 300 250 250 ??? End. Bal. ?? ??? End. Bal. 55 Beg. Bal. Sales Beg. Bal. Finished Goods Inventory 90 ??? ??? 1,200 End. Bal. ?? $670 Additional Information: Prime Costs Factory Overhead 40% of Conversion Costs Gross Profit as Percent of Sales 25% Required: Using the above T-Account data and the additional information, answer the following questions: (a) What was the amount of current manufacturing costs? 6) What was the amount of cost of goods manufactured? What was the amount of cost of goods available for sale? (d) What was the amount of ending finished goods inventory? (E) What does the $70 credit to raw materials inventory represent