There were no beginning or ending inventories.

Requirement

1.	Compute the (1) manufacturing cost of goods sold, (2) gross profit, (3) operating income, and (4) conversion cost (total manufacturing cost less materials cost).

The

Kerwin

Company had the following data (in thousands) for a given period:

The

Kerwin

Company had the following data (in thousands) for a given period:

Sales	$850
Direct materials	230
Direct labor	240
Indirect manufacturing costs	150
Selling and administrative expenses	170

(1) Determine the formula, then compute the manufacturing cost of goods sold.

	+		+		=	Mfg. cost of goods sold
	+		+		=