Cost Flow Relationships The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment: Sales $7,270,000 Gross profit 1,450,000 Indirect labor 330,000 Indirect materials 195,000 Other factory overhead 90,000 Materials purchased 5,100,000 Total manufacturing costs for the period 6,170,000 Materials inventory, end of period 480,000 Using this information, determine the following missing amounts: a.  Cost of goods sold $ b.  Direct materials cost $ c.  Direct labor cost $

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Cost Flow Relationships

The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:

Sales $7,270,000
Gross profit 1,450,000
Indirect labor 330,000
Indirect materials 195,000
Other factory overhead 90,000
Materials purchased 5,100,000
Total manufacturing costs for the period 6,170,000
Materials inventory, end of period 480,000

Using this information, determine the following missing amounts:

a.  Cost of goods sold $
b.  Direct materials cost $
c.  Direct labor cost $
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