Reference no: EM132629477
Problem - The following information is available for the first month of operations of Enders Company, a manufacturer of mechanical pencils:
Sales $630,000
Gross profit 370,000
Cost of goods manufactured 315,000
Indirect labor 84,000
Factory depreciation 22,000
Materials purchased 164,000
Total manufacturing costs for the period 362,000
Materials inventory 22,000
Required -
Using the above information, determine the following missing amounts:
a. Cost of goods sold
b. Finished goods inventory
c. Direct materials cost
d. Direct labor cost
e. Work in process inventory
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