The following data refers to the most recent fiscal year for Sterritt Company. Amounts are in...

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The following data refers to the most recent fiscal year for Sterritt Company. Amounts are in thousands of dollars. Cost of goods manufactured for the year Cost of goods sold Direct labor Direct materials inventory, July 1 Direct materials inventory, June 30 Direct material purchases Finished goods inventory, July 1 Finished goods inventory, June 30 Manufacturing overhead Sales revenue Work-in-process inventory, June 30 Required: Find the following amounts. Note: Enter your answers in thousands. a. Direct materials used for the year b. Gross margin for the year c. Total manufacturing costs for the year d. Work-in-process inventory, July 1 ($000) $ 4,800 5,250 3,170 225 233 585 510 334 700 7,050 71 The following data refers to the most recent fiscal year for Sterritt Company. Amounts are in thousands of dollars. Cost of goods manufactured for the year Cost of goods sold Direct labor Direct materials inventory, July 1 Direct materials inventory, June 30 Direct material purchases Finished goods inventory, July 1 Finished goods inventory, June 30 Manufacturing overhead Sales revenue Work-in-process inventory, June 30 Required: Find the following amounts. Note: Enter your answers in thousands. a. Direct materials used for the year b. Gross margin for the year c. Total manufacturing costs for the year d. Work-in-process inventory, July 1 ($000) $ 4,800 5,250 3,170 225 233 585 510 334 700 7,050 71