Hopkins Company reported the following information related to inventory and sales: 
Sales-8,000 units at $35 per unit.
Required:
Compute the following amounts assuming a periodic inventory system: 
Definitions:
Government-Sponsored
Activities, programs, or initiatives that are funded or endorsed by a governmental body.
Exacerbation
A worsening of a disease or its symptoms, often leading to an increase in severity or frequency of symptoms.
Loss of Benefits
The discontinuation or reduction of welfare, insurance, or employee benefits, often due to changes in employment, income, or family status.
Social Security Disability Insurance
Social Security Disability Insurance (SSDI) is a federal insurance program that provides benefits to people who are unable to work due to a medically determined disability.
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