CostFlow Relationships

The following information is available for the first month of operations of Lane Inc., a manufacturer of mechanical pencils:

Sales $271,990

Gross profit 158,570

Indirect labo r59,020

Indirect materials 29,510

Other factory overhead 8,980

Materials purchased 83,770

Total manufacturing costs for the period 156,390

Materials inventory, end of period 11,150

Using the above information, determine the following:

a.Cost of goods sold: $________

b.Direct materials cost: $_________

c.Direct labor cost: $_________