Debit Credit 26,000 30,000 42,000 27,400 52,700 8,600 200,000 400,000 Ledger Accounts Cash Accounts Receivable Materials Inventory, 12/31/xx Work in Progress Inventory, 12/31/xx Finished Goods Inventory, 12/31/xx Production Supplies and Tools Land Factory Building Accumulated Depreciation, Building Factory Equipment Accumulated Depreciation, Equipment Sales Warehouse Accumulated Depreciation, Sales Warehouse Patents Accounts Payable Mortgage Payable Common Stock Retained Earnings, 12/31/xx 110,000 250,000 72,000 148,000 35,000 27,300 101,800 200,000 260,000 233,200 $1,212,000 $1,212,000 Assuming that the following information reflects the results of operations for 20xx, calculate the (a) gross margin, (b) cost of goods sold, (c) cost of goods available for sale, and (d) cost of goods manufactured. Net Income 133,200 Operating Expenses 48,000 Sales 450,000 Finished Goods, 1/1/20xx 68,000 Gross Margin Cost of Goods Sold Cost of Goods Available for Sale Cost of Goods Manufactured