(Solved) : Outdoor Amenities Is A Manufacturer Of Backyard And Deck Furniture . . .

Outdoor Amenities is a manufacturer of backyard and deck furniture. Its products are in high demand, and it carries no inventory. Following is a list of selected account balances from its trial balance for the most recent year ended December 31 (in no particular order.)
Salaries and wages (for administrative and sales staff) ………………………………….. $ 37,400
Stain (used in manufacturing furniture) …………………………………………………………. $ 12,700
Indirect labor costs (wages of maintenance workers in factory) ……………………….. $ 21,300
Other manufacturing overhead (includes factory insurance and property taxes) ….. $ 9,800
Rent and utilities (for administrative offices) ………………………………………………….. $ 12,000
Utility costs (related to factory) ……………………………………………………………………. $ 11,200
Labor costs (wages of carpenters who build furniture) ……………………………………. $ 36,900
Accounts receivable …………………………………………………………………………………… $ 27,100
Marketing costs …………………………………………………………………………………………. $ 17,300
Wood (used in manufacturing furniture) ……………………………………………………….. $ 57,800
Sales revenues ……………………………………………………………………………………….. $ 255,000
Accounts payable ………………………………………………………………………………………… $ 7,100
Requirements
Using the income statement accounts in the table, calculate:
1. Cost of goods sold.
2. Operating expenses.
3. Gross profit

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