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The following information is available for the first month of operations of Icahn, Inc., a manufacturer of art and craft items: Sales $1,680,000 Gross profit
The following information is available for the first month of operations of Icahn, Inc., a manufacturer of art and craft items: Sales $1,680,000 Gross profit 450,000 Indirect Labor 150,000 Indirect materials 65,000 Other factory overhead 30,000 Materials purchased 850,000 Total manufacturing costs for period 1,850,000 Materials inventory, end of period 63,000 Using the above information, determine the following missing amounts: a. Cost of goods sold b. Direct materials cost c. Direct labor cost
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