QUESTION 1 Using the information below for Gifford Company as of December 31. -- Answer the questions below Administrative Salaries Depreciation of Factory Equipment Depreciation of delivery vehicles Direct Labor Factory Supplies used Finished goods inventory, January 1 Finished goods inventory, Dec 31 Factory insurance Interest expense Factory Utilities Factory maintenance Materials inventory, Jan 1 Materials inventory, Dec 31 Raw Materials Purchase Rent on factory building Repairs of factory equipment Sales Commission Work in Process, Jan 1 Work in Process, Doc 31 35,000 25,000 6,000 68,000 9,000 57,000 ? 15,500 12,000 14,000 7,500 5,000 4,000 125,000 25,000 11,500 37,500 3,500 2,700 QUESTION 6 What is the equation for COGS? Arial 3 (12pt) 4 T 5 Path:p