Using the information below, compute the raw materials inventory turnover. Raw materials used Beginning raw materials inventory Ending raw materials inventory $85,500 8,000 9,000 Multiple Choice 11.02 382.02 10.06. 9.94 Using the information below, calculate gross profit for the period: Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,304,000 239,000 36,000 41,000 540,000 Multiple Choice $774,000 $769,000 $530,000 En The following information is available for the year ended December 31: Beginning raw materials inventory $11,000 Raw materials purchases 86,000 Ending raw materials inventory 10,400 Manufacturing supplies expense 900 The amount of raw materials used in production for the year is: - Multiple Choice $87,500 $85,700 $86.900