The selected amounts that follow were taken from Kandace Corporation's

accounting records:

raw material used - $27,000

Direct labor - $35,000

Total Manufacturing costs - $104,000

work in process inventory (1/1) - $19,000

Cost of goods manufactured - $100,000

Cost of goods available for sale - $175,000

Finished goods inventory (12/31) - $60,000

Sales Revenue - $300,000

selling and administrative expenses - $125,000

income tax expense - $18,000

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.