The Kerwin Company had the fnllnwind data (in thnanda) fnr a aiven nerind There were no beginning or ending inventories. Requirement 1. Compute the (1) manufacturing cost of goods sold, (2) gross profit, (3) operating income, and (4) conversion cost (total manufacturing cost less materials cost). (1) Determine the formula, then compute the manufacturing cost of goods sold. (2) Determine the formula, then compute the gross profit. I=Grossprofit= (3) Determine the formula, then compute the operating income. -+=Operatingincome (4) Determine the formula, then compute the conversion cost