Cost Flow Relationships
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
Sales
$521,430
Gross profit
303,990
Cost of goods manufactured
260,720
Indirect labor
113,150
Factory depreciation
17,210
Materials purchased
160,600
Total manufacturing costs for the period
299,820
Materials inventory, ending
21,380
Using the above information, determine the following missing amounts:
a. Cost of goods sold
b. Finished goods inventory at the end of the month
c. Direct materials cost
d. Direct labor cost
e. Work in process inventory at the end of the month
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