2) ABC Manufacturing reported the following:

Revenue	$450,000
Beginning inventory of direct materials, January 1, 2015	24,000
Purchases of direct materials	151,000
Ending inventory of direct materials, December 31, 2015	18,000
Direct manufacturing labor	27,000
Indirect manufacturing costs	50,000
Beginning inventory of finished goods, January 1, 2015	43,000
Cost of goods manufactured	234,000
Ending inventory of finished goods, December 31, 2015	48,000
Operating costs	152,000

How much of the above would be considered period costs for ABC Manufacturing? ______________

1) The following information pertains to ABC Company:

Manufacturing costs $2,240,000

Units manufactured 32,000

Units sold 29,500 units sold for $110 per unit

Beginning inventory 0 units

Calculate the amount of ABC Companys gross margin. ___________