ex 16-2 cost flow relationship

Describe each of the five transactions. EX 16-2 Cost flow relationships The following information is available for the first year of operati facturer of fabricating equipment Obj. 2 ons of Engle Inc., a manu- V B. $4,425,000 Sales Gross profit Indirect labor Indirect materials Other factory overhead Materials purchased Total manufacturing costs for the period Materials inventory, end of period $7,270,000 1,450,000 330,000 195,000 90,000 5,100,000 6,170,000 SHOW ME HOW 480,000 Determine the following amounts: A. Cost of goods sold B. Direct materials cost C. Direct labor cost Obj EX 16-3 Cost of materials issuances under the FIFO method