Cost of goods


Using the information below, determine the following missing amounts: cost of goods sold, direct materials cost, direct labor costs. Sales $775,000 Gross Profit $265,000 Indirect Labor $63,000 Indirect Materials $32,000 Other Factory Overhead $17,500 Materials Purchased $303,000 Total manufacturing Costs for the period $620,000 Materials Inventory, end of period $35,000

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Management Theories: Cost of goods
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