The following information is available for the first month of operations of Icahn Inc., a manufacturer of art and craft items:
Sales ...............................................................................$1,680,000
Gross profit ........................................................................450,000
Indirect labor .....................................................................150,000
Indirect materials ................................................................65,000
Other factory overhead ......................................................30,000
Materials purchased .........................................................850,000
Total manufacturing costs for the period .................. 1,850,000
Materials inventory, end of period ....................................63,000
Using the above information, determine the following missing amounts:
a. Cost of goods sold
b. Direct materials cost
c. Direct labor cost