The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:
Sales ...................................................................... $7,270,000
Gross profit .............................................................. 1,450,000
Indirect labor ............................................................ 330,000
Indirect materials ........................................................ 195,000
Other factory overhead ................................................ 90,000
Materials purchased .................................................... 5,100,000
Total manufacturing costs for the period ............................ 6,170,000
Materials inventory, end of period ................................... 480,000
Determine the following amounts:
A. Cost of goods sold
B. Direct materials cost
C. Direct labor cost