Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $410,320 Gross profit 239,220 Cost of goods manufactured 205,160 Indirect labor 89,040 Factory depreciation 13,540 Materials purchased 126,380 Total manufacturing costs for the period 235,930 Materials inventory, ending 16,820 Using the above information, determine the following missing amounts: a. Cost of goods sold $ b. Finished goods inventory at the end of the month $ c. Direct materials cost $ d. Direct labor cost $ e. Work in process inventory at the end of the month $
Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $410,320 Gross profit 239,220 Cost of goods manufactured 205,160 Indirect labor 89,040 Factory depreciation 13,540 Materials purchased 126,380 Total manufacturing costs for the period 235,930 Materials inventory, ending 16,820 Using the above information, determine the following missing amounts: a. Cost of goods sold $ b. Finished goods inventory at the end of the month $ c. Direct materials cost $ d. Direct labor cost $ e. Work in process inventory at the end of the month $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Cost Flow Relationships
The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils:
| Sales | $410,320 |
| Gross profit | 239,220 |
| Cost of goods manufactured | 205,160 |
| Indirect labor | 89,040 |
| Factory |
13,540 |
| Materials purchased | 126,380 |
| Total |
235,930 |
| Materials inventory, ending | 16,820 |
Using the above information, determine the following missing amounts:
| a. Cost of goods sold | $ |
| b. Finished goods inventory at the end of the month | $ |
| c. Direct materials cost | $ |
| d. Direct labor cost | $ |
| e. Work in process inventory at the end of the month | $ |
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