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Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $330,500 Gross
Cost Flow Relationships
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
Sales | $330,500 |
Gross profit | 192,680 |
Cost of goods manufactured | 165,250 |
Indirect labor | 71,720 |
Factory depreciation | 10,910 |
Materials purchased | 101,790 |
Total manufacturing costs for the period | 190,040 |
Materials inventory, ending | 13,550 |
Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales Gross profit Cost of goods manufactured Indirect labor Factory depreciation Materials purchased Total manufacturing costs for the period Materials inventory, ending Using the above information, determine the following missing amounts: a. Cost of goods sold b. Finished goods inventory at the end of the month c. Direct materials cost d. Direct labor cost e. Work in process inventory at the end of the month $330,500 192,680 165,250 71,720 10,910 101,790 190,040 13,550
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