The selected amounts that follow were taken from Hawk Corporation's accounting records Raw materials used Direct labor Total manufacturing costs Mork-in-process inventory, 3an. 1 Cost of Goods Manufactured Cost of goods available for sale Finished goods inventory, Dec. 31 Sales revenue Selling and administrative expenses Income tax expense s 36,ee0 44,600 164,880 26,500 160,000 258,800 75,000 390,000 140,000 19,580 O114:14 Required: Compute the following: A. Manufacturing overhead B. Work-in-process inventory, 12/31 C. Finished-goods inventory, 1/1 D. Cost of goods sold. E. Gross margin. F. Net income A. Manufacturing overhead B. Work-in-process inventory C. Finished-goods inventory D. Cost of goods sold E. Gross margin F. Net income