The following information is available for the first month of operations of Enders Company, a manufacturer of
Question:
Sales ................. $630,000
Gross profit .............. 370,000
Cost of goods manufactured ........ 315,000
Indirect labor ............. 84,000
Factory depreciation ........... 22,000
Materials purchased ........... 164,000
Total manufacturing costs for the period ... 362,000
Materials inventory ........... 22,000
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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a Sales 630000 Less gross profit 370000 Cost of goods s...View the full answer
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