What is question 1 answer?

Comm 1102 Assign#1 Question#1 Use the following information to determine the gross margin for Intel Manufacturing for the year just ended (all amounts are in thousands (S 000's) of dollars: Accounts payable, 1/1 1,700 Accounts payable, 12/31 ,500 Depreciation on factory equipment 2,500 Direct labor 8,000 Direct materials inventory, 1/ 8,000 Direct materials inventory, 12/31 1,000 Finished goods inventory, 1/120,000 Finished goods inventory, 12/31 21,300 Indirect labor 1.600 Indirect materials used 500 Purchases of direct materials 8,000 Sales S21,800 Utilities expense, factory 900 Work in process inventory, 1/1 ,800 Work in process inventory, 12/3 10,000 NSWER (MUST SHOW ALL WORK IN ORDER TO RECEIVE ALL MARKS): Question# 2. he following data ( have been taken from the accounting records of DAVISON Corporation for the just completed year. Administrative expenses S10 Direct labor $140 Finished goods inventory, beginning S170 Finished gods emory chom 3160