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CH 16 #3 (Application II) eBook Show Me How Calculator Print Item Cost Flow Relationships The following information is available for the first year of
CH 16 #3 (Application II) eBook Show Me How Calculator Print Item Cost Flow Relationships The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment: Sales $7,270,000 Gross profit 1,450,000 Indirect labor 330,000 Indirect materials 195,000 Other factory overhead 90,000 Materials purchased 5,100,000 Total manufacturing costs for the period 6,170,000 Materials inventory, end of period 480,000 Using this information, determine the following missing amounts: a. Cost of goods sold 5,820,000 b. Direct materials cost 4,425,000 C. Direct labor cost 615,000 X
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