-9 Determining materials, labor, and cost of goods sold The following inventory data relate to Edwards, Inc.: Inventories Ending...Beginning $75,000 $110,000 80,000 70,000 95,000 90,000 Finished goods Work in process Direct materials. Revenues and Costs for the Period: Sales Cost of goods available for sale.. Total manufacturing costs Factory overhead Direct materials used Calculate the following for the year: a. Direct materials purchased. b. Direct labor costs incurred. C. Cost of goods sold. d. Gross profit. $900,000 775,000 675,000 175,000 205,000 (Hint: The answers to subsequent parts may require using solu