The following information is available for the first month

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Reference no: EM13614836

The following information is available for the first month of operations of Korv Inc., a manufacturer of art and craft items:

Sales 775,000

Grossprofit 265,000

Indirectlabor 63,000

Indirectmaterials 32,000

Other factoryoverhead 17,500

Materialspurchased 303,000

Total manufacturing costs for theperiod 620,000

Materials inventory, end ofperiod 35,000

Using the above information, determine the following missing amounts:

Cost of goods sold
Direct materials cost
Direct labor cost

Reference no: EM13614836

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