Question 2) Can't Get Enough Accounting Company loves to hire people who can't get enough of accounting! Bob, head of human resources, wants all employees to have strong analytical and problem-solving skills. He asked Sarah, controller of Can't Get Enough Accounting, to help develop problems for use in screening of applicants before they are interviewed. One of the problems Sarah developed is as follows: Assume the following: a. Beginning finished goods inventory was $37,500. b. Conversion cost was $420,000 and was four times the prime cost. c. Cost of goods manufactured was $517,500. d. Cost of goods sold was 75 percent of cost of goods manufactured. e. Direct materials used in production equaled $48,750. f. Ending work in process is 35 percent of the cost of beginning work in process. g. Selling and administrative expenses totaled $175,500. h. There are no beginning or ending inventories for direct materials i. The markup on products is 60% of cost of goods sold. Required (round all mumbers to the nearest dollar, if needed): Using the above information, fill in the missing amounts on the two statements below. COGM Statement BWIP +Current man. DM S DL $ OH S -EWIP Income Statement Sales COGS -GM -S&A -Op. Inc