Learning Objective $2$

Cost Flow Relationships

The following information is available for the first year of operations of Idgie Inc., a manufacturer of fabricating equipment:

Sales

Gross profit

Indirect labor

Indirect materials

Other factory overhead

Materials purchased

Total manufacturing costs for the period

Materials inventory, end of period

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$$1,131,800$

$305,600$

$101,900$

$41,900$

$19,200$

$577,200$

$1,249,500$

$41,900$