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Cost Flow Relationships The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils: Sales $333,390 Gross
Cost Flow Relationships
The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils:
Sales | $333,390 |
Gross profit | 194,370 |
Cost of goods manufactured | 166,700 |
Indirect labor | 72,350 |
Factory depreciation | 11,000 |
Materials purchased | 102,680 |
Total manufacturing costs for the period | 191,700 |
Materials inventory, ending | 13,670 |
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