Chapter 1 Introduction to Cost Accounting and the Job Order Cost Cycle 33 (1.5) Calculate cost of goods manufactured, cost of goods sold, and gross profit. (Objs. 10, 11). The New England Plumbing Company manufactures water pumps and filters and uses a job cost order accounting system. Cost data for 2006 are given below. Raw Materials, January 1, 2006 Raw Materials, December 31, 2006 Work in Process, January 1, 2006 Work in Process, December 31, 2006 Finished Goods, January 1, 2006 Finished Goods, December 31, 2006 Raw Materials Purchases Direct Labor Manufacturing Overhead Net Sales s 448,543 461,417 383,463 498,182 321,932 301,647 731,917 1,182,680 814,530 4,708,917 a. Calculate cost of goods manufactured. b. Calculate cost of goods sold. c. Calculate gross profit on sales