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The following inventory data relate to Edwards, Inc.: Finished goods Work in proc9:55 Direct materials. Revenues and Costs for the Period: Sales Cost of goods available for sale Total manufacturing osts Factory overhead Direct materials used Calculate the following for the year: a. Direct materials purchased. b. Direct labor costs incurred. c. Cost of goods sold. d. Gross profit. Inventories Ending Beginning $75,000 $110,000 80,000 70,000 95,000 90,000 1 $900,000 775,000 675,000 175,000 205,000

The following inventory data relate to Edwards, tne: Calculate the following for the year: a. Direct materials purchased. b. Direct labor costs incurred c. Cost of goods sold d. Gross profit