the following information is available for the first month of operations of brown co 647560
The following information is available for the first month of operations of Brown Company, a manufacturer of mechanical pencils:
|
Sales |
$600,000 |
|
Gross profit |
350,000 |
|
Cost of goods manufactured |
300,000 |
|
Indirect labor |
130,000 |
|
Factory depreciation |
20,000 |
|
Materials purchased |
185,000 |
|
Total manufacturing costs for the period |
345,000 |
|
Materials inventory |
25,000 |
Using the above information, determine the following missing amounts:
a. Cost of goods sold
b. Finished goods inventory
c. Direct materials cost
d. Direct labor cost
e. Work in process inventory