=+Chapter 18 Managerial Accounting Concepts and Principles 845 The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils:

Sales $360,000 Gross profit 210,000 Cost of goods manufactured 180,000 Indirect labor 78,000 Factory depreciation 12,000 Materials purchased 111,000 Total manufacturing costs for the period 207,000 Materials inventory 15,000