Using the amounts show below in the Schedule of Cost of Goods Manufactured and Partial Cost of Goods Sold Schedule. Calculate the Gross Profit amount if Sales were $3,300,000. Schedule of Cost of Goods Manufactured Op Balance Direct Materials $420,000 Purchases $800,000 Materials available for use $1,220,000 Less: Closing balance $380,000 Direct Materials used in Production $840,000 OP Balance WIP Conversion costs: Total cost of manufacturing Less: CB WIP Cost of Goods Manufactured $860,000 $1,200,000 $2,900,000 $920,000 $1,980,000 Other information: Opening Balance Finished Goods Closing Balance Finished Goods $650,000 $230,000