Company A has the following cost accounting records between 01.01.2023 and 31.03.2023. The records and monetary values are presented in the table below.

Record $ (in thousands)

Direct materials purchased x

WIP, 01.01.2023 y

Gross margin percentage based on revenues % z

Direct matierials, 01.01.20223 20

Finished goods, 01.01.2023 45

Indirect manufacturing costs 75

Revenues 640

Direct manufacturing labor cost 3 times indirect manufacturing costs

Prime costs 300

Cost of goods available for sale 550

Direct materials inventory, 31.03.2023 100

WIP inventory, 31.03.2023 15

Finished goods inventory, 31.03.2023 70

Calculate the costs given below and show your calculations;

a) Find x in the table. b) Find y in the table . c) Find z in the table .