You are the accountant for XYZ Company.

Management provided you with the following data for the year 2019.

Sales $990,000

Direct Materials Used $90,000

Direct labour $200,000

Manufacturing overhead $230,000

Administrative expenses $150,000

Selling expenses $140,000

Work in process, beginning $70,000

Work in process, ending $50,000

Finished goods inventory, beginning $120,000

Finished goods inventory, ending $160,000

ALL WORK MUST BE SHOWN Required:

A. Compute the Cost of Goods Manufactured

B. Compute the Cost of Goods Sold

C. What is the Gross Margin for 2019?

D. Compute the Operating Income for 2019.