FA 21: Fincl Planning & Cost Mgmt (1) Homework: Homework Assignment N. 1 The following information is available for the Jenkins 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. 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 80,000 6,000 29.000 76,000 130,000 180,000 50.000 $2.000 60,000 80,000 Raw materials purchased Accounts receivable collections Accounts payable payments 75,000 Sales Tetal manufacturing costs Cost of goods manufactured Cost of goods sold Gross margin 210.000 Help me solve this Etext pages Get more help- esc