Q$1.$ The Analysis below shows the balance sheet accounts at Whitten Manufacturing Company after closing entries were made.

$\backslash$begin$\{$tabular$\}\{|$l$|$c$|$c$|\}$

$\backslash$hline Ledger Accounts & Debit & Credit $\backslash \backslash$

$\backslash$hline Cash & $\backslash (\backslash$$ $26,000\backslash )$ & $\backslash \backslash$

$\backslash$hline Accounts Receivable & $30,000$ & $\backslash \backslash$

$\backslash$hline Materials Inventory, $12/31/25$ & $42,000$ & $\backslash \backslash$

$\backslash$hline Work in Process Inventory, $12/31/25$ & $27,400$ & $\backslash \backslash$

$\backslash$hline Finished Goods Inventory, $12/31/25$ & $52,700$ & $\backslash \backslash$

$\backslash$hline Production Supplies and Tools & $8,600$ & $\backslash \backslash$

$\backslash$hline Land & $200,000$ & $\backslash \backslash$

$\backslash$hline Factory Building & $400,000$ & $\backslash \backslash$

$\backslash$hline Accumulated Depreciation, Building & & $\backslash (\backslash$$ $110,000\backslash )\backslash \backslash$

$\backslash$hline Factory Equipment & $250,000$ & $\backslash \backslash$

$\backslash$hline Accumulated Depreciation, Equipment & & $72,000\backslash \backslash$

$\backslash$hline Sales Warehouse & $148,000$ & $\backslash \backslash$

$\backslash$hline Accumulated Depreciation, Warehouse & & $35,000\backslash \backslash$

$\backslash$hline Patents & $27,300$ & $\backslash \backslash$

$\backslash$hline Accounts Payable & & $101,800\backslash \backslash$

$\backslash$hline Mortgage Payable & & $400,000\backslash \backslash$

$\backslash$hline Common Stock & & $260,000\backslash \backslash$

$\backslash$hline Retained Earnings, $12/31/25$ & $\backslash (\backslash$$ $1,212,000\backslash )$ & $\backslash (\backslash$$ $1,23,200,000\backslash )\backslash \backslash$

$\backslash$hline & &

$\backslash$end$\{$tabular$\}$

$1.$ Manufacturing organizations use asset accounts that are not needed in merchandising organizations.

a$.$ List the titles of the asset accounts that are specifically related to manufacturing organizations.

b$.$ List the titles of the asset, liability and equity accounts that you would see on the balance sheets of both manufacturing and merchandising organizations.

$2.$ Assuming that the following information reflects the results of operations for $2025,$ calculate the

a$)$ Gross Margin

b$)$ Cost of Goods Sold

c$)$ Cost of Goods Available for Sale

d$)$ Cost of Goods Manufactured

$\backslash$begin$\{$tabular$\}\{$lr$\}$

Net Income & $\backslash (\backslash$$ $133,200\backslash )\backslash \backslash$

Operating Expenses & $48,000\backslash \backslash$

Sales & $450,000\backslash \backslash$

Finished Goods Inventory $12/31/$X$4$ & $68,000$

$\backslash$end$\{$tabular$\}$