The following data refer to one year. Fill in the blanks with required calculations. t material inventory,

The following data refer to one year. Fill in the blanks with required calculations.

Transcribed Image Text:

t material inventory, January 1 Direc Direct material inventory, December 31. $ 8,200 5,400 7,600 3,800 Work-in-process inventory, December 31....-.. Finished goods inventory, January 1 Finished goods inventory, December 31. -.. Purchases of direct materials .. .. Cost of goods manufactured during the year...... . Total manufacturing costs 32,200 108,900 8 112,100 94,500 Gross margin Direct labor 29,200 Manufacturing overhead.. Sales revenue.-+ 27,600