- The folowing information is available for the Tumor Manufacturing company for 2029 DEL Click the loon to the information Requirement Assume that all raw materials and purchased on credit and all sales are credit salos Data Table $ 140,000 12,000 12,000 23,000 72,000 70.000 240.000 12,000 23,000 72,000 70,000 240.000 ? Accounts receivable, January 1, 2020 Accounts payable, January 1, 2020 Raw materials, January 1.2020 Work in process. January 1, 2020 Finished goods, January 1, 2020 Accounts receivable, December 31, 2020 Accounts payable, December 31, 2020 Raw materials, December 31, 2020 Work in process, December 31, 2020 Finished goods, December 31, 2020 Raw materials used in production Raw materials purchased Accounts receivable collections Accounts payable payments Sales Total manufacturing costs Cost of goods manufactured Cost of goods sold Gross margin 64,000 45.000 110,000 100,000 Accounts receivable, January 1, 2020 Accounts payable, January 1, 2020 Raw materials, January 1, 2020 Work in process, January 1, 2020 Finished goods, January 1, 2020 Accounts receivable, December 31, 2020 Accounts payable, December 31, 2020 Raw materials, December 31, 2020 Work in process, December 31, 2020 Finished goods, December 31, 2020 Raw materials used in production Raw materials purchased Accounts receivable collections Accounts payable payments Sales Total manufacturing costs Cost of goods manufactured Cost of goods sold Gross margin 14.000 45.000 110,000 180.000 2 77,000 ? 77.000 2 7 60% of Sales 600.000 800.000 Print Done