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 Chart Enter the labels and amounts required to complete the following three schedules Cost of Goods Sold Column A Column B Sales $775,000 Less: Gross profit 265,000 Cost of Goods Sold $510,000 Direct Materials Cost Materials purchased $303,000 Less: Indirect materials $ 32,000 Materials inventory 35,000 67,000 Direct materials cost $236,000 Direct Labor Cost Total manufacturing costs 620,000 Less: Direct materials cost $236,000 Factory overhead Direct labor cost $271,500