PART II LABEL YOUR ANSWERS & SHOW YOUR WORK PKRK manufacturers dolls and heported the following information: Raw Materials Jan 1 2016 $30,000 Dec 31 2016 $60,000 Work In Process (WIP) $350,000 $100,000 Finished Goods $250,000 $120,000 Assemblers' Direct Wages $300,000 Advertising Expense $30,000 Sales Commissions $15,000 Raw Materials Purchased $450,000 Repairs on Machinery $15,000 Factory Depreciation Exp $10,000 Small tools $4,500 Pactory Utilities $60,000 Executive Bonuses $80,000 Net Income $15,000 1. Use the above information to determine a. Raw Materials issued to WIP (Spis) b. Total Production Costs (5pts) c. Cost of goods manufactured (completed jobs) (5pts) d. Gross Margin (5pts). e. Total Sales (5pts)