Cost Flow Relationships The following information is available for the first month of operations of Lane Inc., a manufacturer of mechanical pencils: Sales Gross profit Indirect labor Indirect materials $214,520 125,070 46,550 23,280 7,080 66,070 123,350 8,800 Other factory overhead Materials purchased Total manufacturing costs for the period Materials inventory, end of period Using the above information, determine the following: a. Cost of goods sold: b. Direct materials cost: c. Direct labor cost: 89,450 33,990