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Can you help determine the inventory, cost of sales, and gross profit? See table below with data. Gastos mean: Expenses Determine inventory, cost of sales,

Can you help determine the inventory, cost of sales, and gross profit? See table below with data.

Gastos mean: Expenses

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Determine inventory, cost of sales, and gross profit: Sales $10,000,000 Inventory at the beginning of the year 5,000,000 Materials 3,000,000 Units in Process 1,000,000 Finished Units 2,000,000 Inventory at the end of the year 4,000,000 Purchase of materials 50,000 Direct wages 100,000 GASTOS: Rental 24,000 Interest 8,000 Officer compensations 40,000 Employee salaries, commissions, and 100,000 bonuses Social Security (FICA) 7,512 Unemployment insurance 1,430 State insurance fund 4,200 Hospitalization medical insurance 1,000 Other Insurances 2,000 Personal property insurance 1,000 Real estate insurance 1,000 Other insurance, patents, and licenses 700 Mileage expenses 2,400 Food and entertainment expenses 2,000 Travel expenses 5,000 Professional services 20,000 Contribution to pension plans 8,000 Depreciation 11,000 Un-chargeable debts 4,000 Donations 10,000 Repairs 35,000 Contributions to educational contribution 2,000 accounts for the beneficiaries of their employees

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