SillyFoot4489 answer rating percentage70% - 5h 41m left to answer Determine the gross matgin for Pacific States. Manufacturing for the year just ended( all amounts in thousandth) (000) of dollars Sales $31,800 Purchases of direct materials 7000 Direct labor 5000 work in process inventory, 1/1 800 work in process inventory 12/31 3000 finished goods inventory, 1/1 4000 Accounts payable 1/1 1700 Accounts payable 12/31 1500 Direct materials inventory, 1/1 6000 Direct materials inventory 12/31 1000 indirect labor 600 indirect materials used 500 Utilities expense, factory 1900 Depreciation on factory equipment 3500 what is the Gross margin Cost of goods sold cost of goods manufactured please show work and please list formula's used Accounting