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The following information is available for the first month of operations of Url Inc, a manufacturer of art and craft items:

sales $1,200,000
grossprofits 320,000
Indirectlabor 110,000
Indirectmaterial 45,000
other factory overhead 20,000
Materialspurchased 610,000
Total manufacturing costs for the period1,325,000
Materials inventory, end ofperiod 45,000

Using the above information, determine the following missing amounts

a. cost of goods
b. direct material cost?
c. direct labor cost?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797462

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