Theme Leaming je Check Figure Cont of raw materia Problem 25-28 Objective to calculate amounts for a statement of coat of goods manufactured and an income statement Directions From the data that follows, calculate tal cost of raw materials used, (b) total manufacturing costs la cost of goods manufactured (d) cout of goods sold, el gros profit, (f) net income Beginning Ending Ivalones Raw materials $28,000 $ 22.000 Work in process 31 500 25,000 Finished goods 25,800 38 200 Raw mato purchases 325.000 Direct into 272.400 Factory overraad 136,200 Operating expenses Selling expenses 65.000 General pensos 45,000 Havenue Sales 868.250