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The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils:
Salaries 360,000Gross profit 210,000Cost of goods manufactured 180,000Indirect labor 78,000Factory depreciation 12,000Material purchased 111,000Total manufacturing costs for the period 207,000Materials inventory 15,000
Using the above information, determine the following missing amounts:
a) Cost of goods sold 150,000
b) Finished goods inventory
c) Direct materials cost
d) Direct labor cost
e) Work in process inventory
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