Determine the work in process inventory

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Reference no: EM132684417

Problem - Cost flow relationships - 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

Reference no: EM132684417

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