You have the following information about XYZ Company during the year 2019. Direct materials: Beginning inventory Purchases Ending inventory Direct manufacturing labor Manufacturing overhead Beginning work-in-process inventory Ending work-in-process inventory Beginning finished goods inventory Ending finished goods inventory Sales Revenue $ 30,000 100,000 30,000 50,000 70,000 25,000 36,000 70,000 52,000 260,0000 Calculate: 1. The cost of direct materials used during 2019. (2 Marks) 2. The cost of goods manufactured for 2019. (2 Marks) 3. The cost of goods sold for 2019. (3 Marks) 4. The gross margin (gross profit)