9. Answer questions below, given the following information, 150 75 2,480 120 Transportation Out Depreciation expense, factory building Direct labor salary Factory Supplies Expense Finished goods inventory, 1/1/2020 Finished goods inventory, 12/31/2020 General and administrative salaries Factory Heat & Light Advertising Expense 35 165 Interest expense 1,200 Materials inventory, 1/1/2020 1,500 Materials purchased 110 Materials inventory, 12/31/2020 85 | Miscellaneous plant overhead expenses 160 Sales 300 Sales commissions and salaries 110 | Transportation in 35 Work in process inventory, 1/1/2020 Work in process inventory, 12/31/2020 13,820 3,250 217 145 175 1) Calculate the cost of goods manufactured and the cost of goods sold (Please show t-accounts) 2) Calculate the gross margin 3) Calculate the total period cost 4) Calculate the operating income Direct Material Work-In-Process Finished Goods