Benton's automobile spare part company's accounting records show the following information relating to its inventories:

Direct materials beginning inventory	$52,000
Direct materials ending inventory	$45,000
WIP beginning inventory	$95,000
WIP ending inventory	$169,000
Finished goods beginning inventory	$100,000
Finished goods ending inventory	$112,000
Raw materials purchased	$495,000
Manufacturing OH charged to WIP during the year	$233,000
Selling and administration expenses	$45,000
Revenues	$1,400,000

Calculate the following:

a.	What was the cost of raw materials issued into work in process during the year?
b.	What is the cost of goods completed and transferred to finished goods during the year
c.	Cost of goods sold during the year
d.	Gross Margin for the year
e.	Net Income for the year