Job costing accounting problem in which you essentially "work backwards" to find the answers to the bolded boxes.

Possible critical information (im not sure): sum of direct materials used and direct labor for the first month of the year was $510,000, and that total overhead cost for the period was $520,000, which represented an overhead rate of 400% of direct labor cost

MATERIALS INVENTORY 1-Jan Purchases 420000 31-Jan TOTAL INVENTORY LOSS Revenue Beg. FG Inventory Cost of Goods Manufactured Cost of Goods Available for Sale End. FG Inventory Cost of Goods Sold Gross Margin WORK IN PROCESS INVENTORY 1-Jan Direct Materials Manufacturing Overhead 31-Jan ncome Statement 1350000 960000 540000 (40%) Cost of Goods Mfd. FINISHED GOODS INVENTORY an, 90000 Cost of Goods Sold 31-Jan