Cost Flow Relationships The following information is available for the first month of operations of Lane Inc., a manufacturer of mechanical pencils: Sales $355,650 207,340 Gross profit Indirect labor 77,180 Indirect materials 38,590 Other factory overhead 11,740 Materials purchased 109,540 Total manufacturing costs for the period 204,500 Materials inventory, end of period 14,580 Using the above information, determine the following: 148,310 a. Cost of goods sold: b. Direct materials cost: c. Direct labor cost: Feedback Check My Work a. Sales minus cost of goods sold is equal to gross profit. b. Materials purchased less indirect materials and ending materials inventory is equal to direct materials cost c. Direct materials direct labor + factory overhead = total manufacturing costs. Check My Work All work saved. ORA