Question Content Area

Cost Flow Relationships

The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:

Line Item Description	Amount
Sales	$229,310
Gross profit	133,690
Cost of goods manufactured	114,660
Indirect labor	49,760
Factory depreciation	7,570
Materials purchased	70,630
Total manufacturing costs for the period	131,850
Materials inventory, ending	9,400

Using the above information, determine the following missing amounts:

Line Item Description	Amount
a. Cost of goods sold	$fill in the blank 1
b. Finished goods inventory at the end of the month	$fill in the blank 2
c. Direct materials cost	$fill in the blank 3
d. Direct labor cost	$fill in the blank 4
e. Work in process inventory at the end of the month