Question 30 Problem 5-2 The following information relates to the Bell Tower Company: Sales Beginning Finished Goods Cost of Goods Manufactured Ending Finished Goods Other Operating Expenses Operating Income Direct Materials Used 20,000 6,000 11,000 7,000 5,000 5,000 5,000 Direct Labor 3,000 5,000 Manufacturing Overhead Finished Work in Process 4,000 The gross margin is $4,000, True O False