Cost Flow RelationshipsThe following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:Sales$364,970Gross profit212,780Cost of goods manufactured182,490Indirect labor79,200Factory depreciation12,040Materials purchased112,410Total manufacturing costs for the period209,860Materials inventory, ending14,960Using the above information, determine the following missing amounts:a. Cost of goods sold$b. Finished goods inventory at the end of the month$c. Direct materials cost$d. Direct labor cost$e. Work in process inventory at the end of the month$

a. Cost of goods sold The cost of goods sold is the difference between the sales and gross profit…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Cost Flow Relationships

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

Sales	$364,970
Gross profit	212,780
Cost of goods manufactured	182,490
Indirect labor	79,200
Factory depreciation	12,040
Materials purchased	112,410
Total manufacturing costs for the period	209,860
Materials inventory, ending	14,960

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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