Just before class starts, you realize that you have mistakenly recycled the second page of your cost accounting homework assignment. Fortunately, you still have the fi rst page of printout from your spreadsheet (shown below) and you remember that you were able to determine the items on the recycled page from this information.

Required
Find the following:
a. Cost of goods sold.
b. Direct materials used.
c. Purchases of direct materials.
d. Salesrevenue

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1Direct materials inventory, January 1 2Direct materials inventory, December 31 3 Work-in-process inventory, January 1 4 Work-in-process inventory, December 31 5 Finished goods inventory, January 1 6 Finished goods inventory, December 31 7 Cost of goods manufactured during this year 8 Total manufacturing costs 9 Direct labor 10 Manufacturing overhead 11 Average selling price per unit 12 Gross margin percentage (as a percentage of sales) S 2,520 2,088 5,440 6,110 22,320 25,520 598.400 612,320 270.400 225,000 18 38%