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Can you solve and explain the inventory, cost of sales and gross profit in the describe table below? Please see instructions. Please explain deeply and

Can you solve and explain the inventory, cost of sales and gross profit in the describe table below? Please see instructions.

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Please explain deeply and put amount as follow: A. Net sales of goods or products: $10,000,000 I. Inventory beginning of year: $| II. Purchase of materials: $ III. Direct Wages: $ IV. Other direct costs: $ V. Cost of goods available for sale: $ VI. Less: Inventory at the end of the year: $ VII. Total cost of sales or direct production costs: $ B. Gross profit (or loss) from the sale of goods or products: $ 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 Unit 2,000.000 Inventory at the end of the year 4,000.000 Purchase of materials 50,000 Direct wages 100,000 EXPENSES: Rental 24,000 Interest 8.000 Officer compensations 40,000 Employee salaries, commissions, and bonuses 100,000 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 24,000 Food and entertainment expenses 2.000 Travel expenses 5.000 Professional services 20,000 Contribution to pension plans 8,000 Depreciation 11,000 Jn-chargeable debts 4.000 Donations 10,000 Repairs 35,000 Contributions to educational contribution accounts 2,000 for the beneficiaries of their employees

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