The following inventory data relate to Niagara Corp.: Inventorie

The following inventory data relate to Niagara Corp.:
Inventories
Ending Beginning
Finished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $75,000 $110,000
Work in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80,000 70,000
Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95,000 90,000
Revenues and Costs for the Period:
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $900,000
Cost of goods available for sale . . . . . . . . . . . . . . . . . . . 775,000
Total manufacturing costs . . . . . . . . . . . . . . . . . . . . . . . . 675,000
Factory overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175,000
Direct materials used . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205,000
Calculate the following for the year:
a. Direct materials purchased.
b. Direct labor costs incurred.
c. Cost of goods sold.
d. Gross profit.