The following information was taken from the accounting
Question: The following information was taken from the accou…SaveThe following information was taken from the accounting records of the Ross Manufacturing Company. Unfortunately, some of the data were destroyed by a computer malfunction.Case CSales 40,000Finished goods inventory, January 1, 2012 5,000Finished goods inventory, December 31, 2012 6,000Cost of goods sold ?Gross margin 15,000Selling and administrative expenses ?Net income 10,000Work-in-process, January 1, 2012 ?Direct material used 6,000Direct labor 7,000Factory overhead 10,000Manufacturing costs incurred during 2012 ?Work-in-process, December 31, 2012 4,000Cost of goods manufactured ?Direct materials inventory, January 1, 2012 1,000Direct materials inventory, December 31, 2012 3,000Direct materials purchased throughout 2012 8,000Solve for the ? marks
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