The accounting information system of Textbook Co. reported the following cost and inventory data for the year.

Required
A. Calculate the cost of goods manufactured.
B. Calculate the cost of goods sold.
C. Calculate gross margin and operatingincome.

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Costs Incurred Raw materials purchased Direct labor Indirect labor Equipment maintenance Insurance on factory Rent on factory Equipment depreciation Factory supplies Advertising expenses Selling and administrative expenses Net revenue $100,000 50,000 35,000 9,000 11,000 40,000 20,000 12,000 18,000 25,000 350,000 Ending Balance $18,000 29,000 30,000 Beginning Inventories Raw materials Work in process Finished goods Balance $15,000 20,000 35,000