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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 $230,710 Gross
Cost Flow Relationships
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
Sales | $230,710 |
Gross profit | 134,500 |
Cost of goods manufactured | 115,360 |
Indirect labor | 50,060 |
Factory depreciation | 7,610 |
Materials purchased | 71,060 |
Total manufacturing costs for the period | 132,660 |
Materials inventory, ending | 9,460 |
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 |
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