Required: 1. Tom Winthrop estimated that the units in ending work in process inventory in the final processing department were 25% compl with respect to the conversion costs of the final processing department. If this estimate of the percentage completion is used, wh would be the cost of goods sold for the year? 2. Does Gary Stevens want the estimated percentage completion to be increased or decreased? 3. What percentage completion would result in increasing reported net operating income by $70,800 over the net operating inco that would be reported if the 25% figure were used? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Tom Winthrop estimated that the units in ending work in process inventory in the final processing department were 25% complete with respect to the conversion costs of the final processing department. If this estimate of the percentage completion is used, what would be the cost of goods sold for the year? (Round cost per unit to 2 decimal places. Do not round other intermediate calculations. Round your final answer to the nearest whole dollar amount.) Cost of goods sold < Required 1 Required 2 > Show less