Selected data concerning the past years operations of the Altek Manufacturing Company are as follows: Inventories ($)

Beginning Ending Raw materials 71,000 81,000

Work in Process 80,000 30,000

Finished Goods 90,000 110,000

Other Data: Direct Materials Used ---------------------------------------- $ 326,000

Total Manufacturing Costs Charged to production during the year (includes direct material, direct labour, and manufacturing overhead applied at a rate of 60% of direct-labour cost) -----------------------$ 686,000

Cost of Goods Available for Sale ----------------------$ 826,000

Selling and Administration Expenses -------------------- $ 31,500

Required:

i. What was the cost of raw materials purchased during the year?

ii. What was the direct-labour cost charged to production during the year?

iii. What was the cost of goods manufactured during the year?

iv What was the cost of goods sold during the year?