Read the following and answer the questions. Vintage Furniture constructs and sells executive style conference tables. The selling price is $10,000 per table. A unique feature is that the only raw material used in the construction of each table, other than indirect materials like glues and screws, comes entirely from a single tree. Tree prices and other costs of production have remained stable, and Vintage is able to use each tree purchased without incurring any signicant spoilage. Consider the following "disorganized" information and complete the indicated requirements. Ending work in process (600 tables) $ 1,800,000 Selling price per table 10,000 Ending nished goods {200 tables) 1,400,000 Indirect labor incurred during the period 125,000 Raw materials transferred into production (700 trees) 700,000 Beginning nished goods (400 tables) 2,800,000 Cost of glues and screws 35,000 Beginning work in process 1,465,000 Ending raw materials (500 trees) 500,000 Direct labor incurred during the period 3,300,000 Selling, general, and administrative costs incurred 1,150,000 Depreciation of factory equipment 75,000 Raw material purchases during the period (900 trees) 900,000 All other factory overhead 300,000 Tables sold (800 tables) Tables sold (800 tables) D Question 1 5 pts Enter the ending balance for Raw materials Enter the ending balance for Work in Process Enter the ending balance for Finished Goods D Question 2 5 pts Calculate the cost of goods manufactured. D Question 3 5 pts Calculate the cost of goods sold. D Question 4 5 pts Calculate net income. Assume an income tax rate of 35%. Quiz saved at 1:38am Submit Quiz