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The following information is available for the first month of operations of Korv Inc., a manufacturer of art and craft items: Sales $775,000 Gross profit
The following information is available for the first month of operations of Korv Inc., a manufacturer of art and craft items: Sales $775,000 Gross profit $ 265,000 Indirect labor 63,000 Indirect materials 32,000 Other factory overhead 17,500 Materials purchased 303,000 Total Manufacturing costs for the period 620,000 Materials inventory, end of period 35,000 Using the above information, determine the following missing amounts: A. cost of goods sold B. Direct materials cost C. Direct labor cost D. Factory Overhead
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