Information for the Ape Manufacturing Company follows. Compute the cost of goods manufactured for this company. ((show all calculations for full points- 60% pts) Beginning raw materials inventory.................. $ 66,300 Beginning works in process, inventory............ 82,700 Ending raw materials inventory ....................... 55,100 Ending works in process, inventory................. 98,500 Direct labor....................................................... 162,800 Factory insurance .................................................... 15,500 Repairs of factory equipment.................................. Interest expense ....................................................... 12,000 Factory utilities ....................................................... 14,000 Factory maintenance ............................................... 7,500 Depreciation of factory equipment ......................... 25,000 Rent on factory building ................................ 25,000 ...... Raw material purchases ....................................... 255,000 EX 2. Using the information below, calculate cost of goods sold for the period and gross profit for the period. (Show all calculations for full points- 40% pts) Sales revenues for the period $1,554,000 Operating expenses for the period $239,000 Finished Goods Inventory, January 1 38,000 Finished Goods Inventory, December 31 45,000 Cost of goods manufactured for the period $570,000