Ivanhoe Company recorded the following transactions for the month of February:

Sales were $$420,000$ for the month. Sales prices are determined by a markup on manufacturing cost of $40\%.$ The costs of new inputs to the manufacturing process during the month were $$286,600.$

$($a$)$ Calculate the missing values in the schedule below.

Materials

Work in Process

Finished Goods

Purchases

$$100,000$

Beginning Inventory

$16,600$

$$9,000$

$enter a dollar amount

$($e$)$

Ending Inventory

enter a dollar amount

$($a$)$

$19,700$

$18,400$

Direct Materials Used

$91,000$

Direct Labour

enter a dollar amount

$($b$)$

Manufacturing Overhead $($including

indirect materials of $$9,800)$

$116,000$

Transferred to Finished Goods

enter a dollar amount

$($c$)$

Cost of Goods Sold

enter a dollar amount

$($d$)$