Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $410,320 Gross profit 239,220 Cost of goods manufactured 205,160 Indirect labor 89,040 Factory depreciation 13,540 Materials purchased 126,380 Total manufacturing costs for the period 235,930 Materials inventory, ending 16,820 Using the above information, determine the following missing amounts: a.  Cost of goods sold $ b.  Finished goods inventory at the end of the month $ c.  Direct materials cost $ d.  Direct labor cost $ e.  Work in process inventory at the end of the month $

Question

Cost Flow Relationships

The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:

Sales $410,320
Gross profit 239,220
Cost of goods manufactured 205,160
Indirect labor 89,040
Factory depreciation 13,540
Materials purchased 126,380
Total manufacturing costs for the period 235,930
Materials inventory, ending 16,820

Using the above information, determine the following missing amounts:

a.  Cost of goods sold $
b.  Finished goods inventory at the end of the month $
c.  Direct materials cost $
d.  Direct labor cost $
e.  Work in process inventory at the end of the month $

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