Reference no: EM132482597
Cost Flow Relationships
The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:
Sales $1,006,600
Gross profit 271,800
Indirect labor 90,600
Indirect materials 37,200
Other factory overhead 17,100
Materials purchased 513,400
Total manufacturing costs for the period 1,111,300
Materials inventory, end of period 37,200
Question 1: Using the above information, determine the following missing amounts:
a. Cost of goods sold $
b. Direct materials cost $
c. Direct labor cost$
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