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Can I have the detailed steps to calculate each answers? (e.g. how to calculate the ending raw materials inventory, the beginning finished good inventory, etc.)

Can I have the detailed steps to calculate each answers? (e.g. how to calculate the ending raw materials inventory, the beginning finished good inventory, etc.) And also how is everything being calculated. Thanks!

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K0 Co. is a manufacturer that produces a single product. The following selected acc for the year ended December 31 are provided: Cash 120,000 $ Accrued wag es 30,000 Accounts payable 165,000 Accounts receivable 200,000 Work in progress inventory, beginning 50,000 Finished goods inventory, beginning to be determined Raw materials inventory, beginning 120,000 Sales 1,000,000 Mortgage 95,000 Interests 5,000 General ofce salaries 108,000 Direct m 120,000 Sales commissions 100,000 Depreciation-delivery vehicle 30,000 Advertising 18,000 Rent-factory 25,000 Utilities-factory 15,000 Depreciation-equipment 34,000 Property taxes-factory 16,000 Supplies 80,000 Purchases of raw materials 230,000 ADDITIONAL INFORMATION: 1. Inventory balances at the end of the year are as follows: Work in progress 30,000 $ Finished goods 6,000 units Raw materials to be determined 2. K0 Co. produced 36,000 units during the year. 3. Cost of Goods Manufactured per unit is 15 $, constant during the year. 4. K0 Co. uses FIFO. 5. K0 realizes a Gross Margin of 43 %. 6. Sales price is 25 $ per unit sold. 7. 50 % of supplies apply to manufacturing. Required: a) Prepare a schedule of Cost of Goods Manufactured for the year b) Prepare an income statement for the year

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