Determining materials, labor, and cost of goods sold LO_3,4 The following inventory data relate to Aegean Corp Inventories Ending Beginning Finished goods $75,000 $ 11 0,000 Work in process 80,000 70,000 Direct materials 95,000 90,000 Revenues and Costs for the Period Sales $900,000 Cost of goods available for sale 775,000 Total manufacturing costs 675,000 Factory overhead 1 75,000 Direct materials used 205,000 Calculate the following for the year:

a. Direct materials purchased.

b. Direct labor costs incurred.

c. Cost of goods sold.

d. Gross profit.