Using the following, calculate the Cost of Goods Manufactured and Sold CGM&S, Gross Margin, And Net Operating Income

CGM&S = $

GROSS MARGING =$

NET OPER. INCOME = $

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Inventories Direct Materials WIP Finished Goods Dec. 31, 2009 Dec. 31, 2010 $500 S3,500 S2,000 S10,000 $5,000 $1,000 Other Data: Direct materials purchased on credit Direct Labor Overhead Selling Costs General and Administrative Costs Sales $3,000 $4,000 S6,000 $2,000 $5,000 $50,000 Calculated Amounts Total Manufacturing Costs CGM S13,500 $15,000