Please help me understand how to find direct labor and total manufacturing costs.

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 7E: The following data are taken from the general ledger and other records of Coral Park Production Co....
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Please help me understand how to find direct labor and total manufacturing costs.

The following data refer to one year for Monroe Fabricators. Fill in the blanks.
Direct materials inventory, January 1
Direct materials inventory, December 31
Work-in-process inventory, January 1
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
Cost of goods sold
Gross margin
Direct labor
Direct materials used
Manufacturing overhead
Sales revenue
$
7,800
12,300
8,100
11,400
5,700
900
48,300
163,350
168,150
147,750
43,800
41,400
315,900
Transcribed Image Text:The following data refer to one year for Monroe Fabricators. Fill in the blanks. Direct materials inventory, January 1 Direct materials inventory, December 31 Work-in-process inventory, January 1 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 Cost of goods sold Gross margin Direct labor Direct materials used Manufacturing overhead Sales revenue $ 7,800 12,300 8,100 11,400 5,700 900 48,300 163,350 168,150 147,750 43,800 41,400 315,900
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