QUESTION 7 Data: The table presents account information for Mocha Cola Beverages pertaining to January of 2020. Beginning Balance Raw Materials $4,300 Ending Balance Work in Process $21,090 Purchases of Raw Materials $29,050 Beginning Balance Finished Goods $4,800 Direct Materials used in production $27,280 Cost of Goods Sold $33,500 Beginning Balance Work in Process $8,920 Marketing Costs (variable) $5,130 Direct Labor used in production $17,430 Administration Costs (fixed) $7,960 Mig. Overhead (fixed) $11,130 Revenues $66,200 Cost of Goods Manufactured $49,670 Focusing on the accounts: Raw Materials Work in Process: Finished Goods and Income Summary answer the following questions. Keep in mind that this data is not complete and that balancing the accounts may be required to answer the questions. Question What is Mocha Cola's Gross Margin for January