Solution-Determine the cost of goods sold and direct

Determine the cost of goods sold and direct materials cost

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Reference no: EM131816276

Question - Cost flow relationships

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

Sales	$1,011,800
Gross profit	273,200
Indirect labor	91,100
Indirect materials	37,400
Other factory overhead	17,200
Materials purchased	516,000
Total manufacturing costs for the period	1,117,000
Materials inventory, end of period	37,400

Using the above information, determine the following missing amounts:

a. Cost of goods sold

b. Direct materials cost

c. Direct labor cost

Reference no: EM131816276

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Determine the cost of goods sold and direct materials cost

Reference no: EM131816276

Reference no: EM131816276

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