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 $860,000 Conversion costs: $1,200,000 Total cost of manufacturing $2,900,000 Less: CB WIP $920,000 Cost of Goods Manufactured $1,980,000 Other information: Opening Balance Finished Goods $650,000 Closing Balance Finished Goods $230,000