Data Table $ 150,000 ? 13,000 26,000 71,000 90,000 230,000 Accounts receivable, January 1, 2020 Accounts payable, January 1, 2020 Raw materials, January 1, 2020 Work in process, January 1, 2020 Finished goods, January 1, 2020 Accounts receivable, December 31, 2020 Accounts payable, December 31, 2020 Raw materials, December 31, 2020 Work in process, December 31, 2020 Finished goods, December 31, 2020 Raw materials used in production Raw materials purchased Accounts receivable collections Accounts payable payments Sales ? 58,000 55,000 90,000 110.000 ? 79,000 ? Total manufacturing costs Cost of goods manufactured Cost of goods sold Gross margin 60% of Sales 560,000 The following information is available for the Powell Manufacturing company for 2020 Click the icon to view the information) Requirement Assume that all raw materials are purchased on credit and all sales are credit sales Compute the missing amounts above 150,000 150000 13.000 26,000 71.000 90,000 230,000 Accounts receivable, January 1, 2020 Accounts payable, January 1, 2020 Raw materials, January 1, 2020 Work in process, January 1, 2020 Finished goods, January 1, 2020 Accounts receivable, December 31, 2020 Accounts payable, December 31, 2020 Raw materials, December 31, 2020 Work in process, December 31, 2020 Finished goods, December 31, 2020 Raw materials used in production Raw materials purchased Accounts receivable collections Accounts payable payments Sales Total manufacturing costs Cost of goods manufactured Cost of goods sold Gross margin 58,000 55,000 90,000 110,000 79.000 560,000