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1.341,000 1.355,100 Raw Materials Torvenilory 72,400 526,600 526,000 499,700 DM 26,300 M Work in proces ventory 29,100 COGM DM 499,700 1,341,000 DL 323,000 MO 544,900 Tinishel Ciciods Tuventy 76,300 COGS 1,341,000 1,355,100 Cost of goods manufactured Cost of goods sold Gross margin , if sales are $3,000,000 Show work for "gross margin" calculation here. Income from operations Show' work for "income from operations" calculation here Net income Show work for "her income" calculation here Total amount for inventory reported on 2020 Balance sheet Show work for "futal inventory" calculation frere. 73.000 55,700 62,200 MOLT Instructions: Use the T-accounts to show the flow of product costs through the general ledger and provide the answers for the calculations listed above. (Enter answers, and work to arrive at answers, in the boxes provided.) 32.000 124.000 82,000 185.000 95,600 26,300 Beginning of year $72,400 76,300 29,100 End of Year S 73,000 62,200 544,900 544.900 Raw materials inventory Finished goods inventory Work-in-process inventory Production line workers' wages Janitor's wages at the plant Insurance on plant General and administrative expenses Income tax expense Purchases of raw materials Depreciation - copiers at corporate headquarters Interest expense Repairs and maintenance on the plant Depreciation - plant building and equipment Loss on the sale of an investment Marketing expenses Plant manager's salary Unrealized loss - Equity 323.000 32,000 124,000 262,300 297,200 526.600 25,000 110,000 82.000 185.000 41 200 216,000 95,600 40,000 NOTE: Five percent of the materials that were put into production were indirect materials