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The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils: Salaries360,000 Gross profit210,000 Cost of goods
The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils: Salaries360,000 Gross profit210,000 Cost of goods manufactured180,000 Indirect labor78,000 Factory depreciation12,000 Material purchased111,000 Total manufacturing costs for the period207,000 Materials inventory15,000 Using the above information, determine the following missing amounts: 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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