The following data refer to one year. Fill in the blanks. (Omit the \"$\" sign i

Question

The following data refer to one year. Fill in the blanks. (Omit the "$" sign in your response.) Direct material inventory, January 1 ? Direct material inventory, December 31 4,250 Work-in-process inventory, January 1 2,660 Work-in-process inventory, December 31 3,910 Finished goods inventory, January 1 2,080 Finished goods inventory, December 31 240 Purchases of direct materials 15,980 Cost of goods manufactured during the year 53,330 Total manufacturing costs ? Cost of goods sold 55,170 Gross margin 48,020 Direct labor ? Direct materials used 14,510 Manufacturing overhead 13,810 Sales revenue ?

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