Cost Flow Relationships

The following information is available for the first year of operations of Idgie Inc., a manufacturer of fabricating equipment:

Line Item Description	Amount
Sales	$870,500
Gross profit	235,000
Indirect labor	78,300
Indirect materials	32,200
Other factory overhead	14,800
Materials purchased	444,000
Total manufacturing costs for the period	961,000
Materials inventory, end of period	32,200

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

Using the above information, determine the following amounts:

Costs Type	Amount
a. Cost of goods sold	$fill in the blank 2
b. Direct materials cost	$fill in the blank 3
c. Direct labor cost