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Bartlow Company has supplied the following information from its accounting records for the month of May: Required: Solve for the missing amounts. (Solve for WIP

Bartlow Company has supplied the following information from its accounting records for the month of May:

Required:

Solve for the missing amounts. (Solve for WIP at 5/1 first, then Gross Margin, then Sales Revenue). Enter all amounts as positive numbers.

Direct labor cost $11,500
Purchases of raw materials 20,000
Factory depreciation 7,500
Advertising 10,000
Factory property taxes 6,500
Materials inventory, 5/1 1,250
Materials inventory, 5/31 2,500
Work-in-process Inventory, 5/1 ?
Work-in-process Inventory, 5/31 1,500
Cost of goods manufactured 45,850
Sales revenue ?
Executive salary cost 25,000
Finished goods inventory, 5/1 5,500
Finished goods inventory, 5/31 4,250
Operating Income 67,900
Gross Margin ?

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