There were no beginning or ending inventories. The Anderson Company had the following data (in thousands) for a given period: 790 Sales Direct materials 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). 190 Direct labor Indirect manufacturing costs Selling and administrative expenses 200 210 120 (1) Determine the formula, then compute the manufacturing cost of goods sold. Indirect manufacturing | Direct materials + Direct labor costs = Mfg. cost of goods sold (2) Determine the formula, then compute the gross profit. Selling and admin. expenses . Gross profit (3) Determine the formula, then compute the operating income. Gross profit - Selling and admin. expenses = Operating income (4) Determine the formula, then compute the conversion cost. Direct labor + Indirect manufacturing costs Conversion cost