Cost Flow Relationships

The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils:

Sales	$427,000
Gross profit	248,940
Cost of goods manufactured	213,500
Indirect labor	92,660
Factory depreciation	14,090
Materials purchased	131,520
Total manufacturing costs for the period	245,520
Materials inventory, ending	17,510

Using the above information, determine the following missing amounts:

a. Cost of goods sold	$fill in the blank 1
b. Finished goods inventory at the end of the month	$fill in the blank 2
c. Direct materials cost	$fill in the blank 3
d. Direct labor cost	$fill in the blank 4
e. Work in process inventory at the end of the month