D Question 3 3 pts Use the following information to compute the NET Income for the period. Beginning raw materials = 5,500 Ending raw materials = 4,000 Direct labor 12,250 Raw materials purchased =7,400 Depreciation on factory equipment = 6,500 Factory repairs and maintenance = 3,300 Beginning finished goods inventory = 10,200 Ending finished goods inventory = 8,900 Beginning goods in process inventory = 5,700 Ending goods in process inventory = 6,300 Sales revenue = $96,250 Selling expenses = 20,500 Advertising $3,250 = Administrative Expenses $18,750 IMG 2224 inon