Cost Flow Relationships

The following information is available for the first month of operations of Lane Inc., a manufacturer of art and craft items:

Sales	$750,000
Gross profit	240,000
Indirect labor	60,000
Indirect materials	30,000
Other factory overhead	10,000
Materials purchased	400,000
Total manufacturing costs for the period	600,000
Materials inventory, end of period	50,000

Using the above information, determine the following:

a. Cost of goods sold:	$____________
b. Direct materials cost:	$____________
c. Direct labor cost:	$____________