Using the information provided below calculate the following numbers:

1. What is the Total Manufacturing Cost?

2. What is the Cost of Goods Manufactured?

3. What is the Cost of Goods Sold?

4. What is the Net Operating Income?

Inventories:BeginningEndingRaw materials$30,000$40,000Work in process$11,000$5,000Finished goods$31,000$35,000Additional information:Sales$300,000Raw materials purchases$70,000Direct labor cost$38,000Manufacturing overhead$85,000Selling expense$19,000Administrative expense$37,000