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Based on the information above im trying to determine the

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Based on the information above, I'm trying to determine the cost of goods sold. But I have no clue how do so. It seems like I'm missing some information, I have no idea where to start. Any help ypu can provide is really appreciated.

  • Here's the information:
  • sales $775,000
  • gross profit $265,000
  • indirect labor $63,000
  • indirect materials $32,000
  • other factory overhead $17,500
  • materials purchased $303,000
  • toatal manufacturing cost for the period $620,000
  • materials inventory $35,000

Reference no: EM13604086

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