Question: The following information is available for the first month of

The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
Sales .................. $ 792,000
Gross profit ................ 462,000
Cost of goods manufactured .......... 396,000
Indirect labor ................ 171,600
Factory depreciation .............. 26,400
Materials purchased ............... 244,200
Total manufacturing costs for the period .... 455,400
Materials inventory, ending ......... 33,000
Using the above information, determine the following missing amounts:
a. Cost of goods sold
b. Finished goods inventory at the end of the month
c. Direct materials cost
d. Direct labor cost
e. Work in process inventory at the end of the month


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  • CreatedJune 27, 2014
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