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Cost Flow Relationships The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment: Sales $999,500 Gross
Cost Flow Relationships
The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:
Sales | $999,500 |
Gross profit | 269,900 |
Indirect labor | 90,000 |
Indirect materials | 37,000 |
Other factory overhead | 17,000 |
Materials purchased | 509,700 |
Total manufacturing costs for the period | 1,103,400 |
Materials inventory, end of period | 37,000 |
Using the above information, determine the following missing amounts:
a. Cost of goods sold | $ |
b. Direct materials cost | $ |
c. Direct labor cost | $ |
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