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Evaluate missing amounts: COGS, direct material costs, direct labor costs
Using this information, determine the following missing amounts: (Please show calculations)
a. Cost of goods soldb. Direct materials costsc. Direct labor costs
Sales $775,000Gross Profit 265,000Indirect labor 63,000Indirect materials 32,000Other factory overhead 17,500Materials purchased 303,000Total manufacturing costs for the period 620,000Materials inventory, end of period 35,000
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