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 labor 59,020

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:

$fill in the blank 1

b.Direct materials cost:

$fill in the blank 2

c.Direct labor cost:

$fill in the blank 3