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The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils: Sales: 360,000 Gross Profit: 210,000 Cost
The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils: Sales: 360,000 Gross Profit: 210,000 Cost of goods manufactured: 180,000 Indirect labor: 78,000 Factory Depreciation: 12,000 Materials Purchased: 111,000 Total Manufacturing costs for the period: 207,000 Materials Inventory: 15,000 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 Can you please show me how you got the answers step by step
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