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Work backwards to calculate cost of goods manufactured in 2016 for iRobot Company using the data given with one change: Use $41915 for ending finished

Work backwards to calculate cost of goods manufactured in 2016 for iRobot Company using the data given with one change: Use $41915 for ending finished goods inventory instead of $45,861. You can find cost of goods sold and beginning finished goods inventory in their annual reportimage text in transcribedimage text in transcribed

Income Statement for iRobot Sales Cost of Goods Sold Gross Margin 12/31/1612/31/15 660,604$616,778 327,852 319,315$288,926 341,289 Operating Expenses: Research and Development Selling & Marketing General and Admin 76,071 97,772 54,465 $261,758 $228,308 79,805 115,125 66,828 Total Operating Expenses Operating Income Other income 57,557 60,618 3,804 2,353 $61,361$62,971 Income Before Taxes 18,841 $41,939$44,130 2,436 Income Tax Expense 19,422 Net Income Units Shipped (sold) 2,943

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