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The following information is available for the first month of opoerations of Brown Company, a manufactured of mechanical pencils: Sales $600,000 Gross profit $350,000 Cost
The following information is available for the first month of opoerations of Brown Company, a manufactured of mechanical pencils: Sales $600,000 Gross profit $350,000 Cost of good manufactured $300,000 Indirect labor $130,000 Factory depreciation $ 20,000 Materials purchased $185,000 Total manufacturing costs for the period $345,000 Materials inventory $25,000 Using the above information, determine the followin missing amouts: a) Cost of goods sold b) Finished goods inventory c) Direct materials cost d) Direct labor cost e) Work in process inventory
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