Determining materials, labor, and cost of goods sold The following inventory data relate to Edwards, Inc.: E1 Inventories Ending Beginning $75,000 $110,000 80,000 70,000 LOS Finished goods... Work in process 95,000 90,000 Revenues and Costs for the Period: $900,000 Sales Cost of goods available for sale Total manufacturing costs Factory overhead Direct materials used 775,000 675,000 175,000 205,000 Calculate the following for the year: a. Direct materials purchased b. Direct labor costs incurred. c. Cost of goods sold