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Cost Flow Relationships

The following information is available for the first year of operations of Idgie Inc., a manufacturer of fabricating equipment:

Line Item Description Amount

Sales $$1,385,600$

Gross profit $374,100$

Indirect labor $124,700$

Indirect materials $51,300$

Other factory overhead $23,600$

Materials purchased $706,700$

Total manufacturing costs for the period $1,529,700$

Materials inventory, end of period $51,300$

Using the above information, determine the following amounts:

Costs Type Amount

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 $3$