The following information is available for the first month of operations
Get your Assignment in a Minimum of 3 hours
Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.
Free InquiryThe following information is available for the first month of operations of Icahn, Inc., a manufacturer of art and craft items:
Sales |
$4,600,000 |
Gross profit |
820,000 |
Indirect Labor |
280,000 |
Indirect materials |
118,000 |
Other factory overhead |
55,000 |
Materials purchased |
860,000 |
Materials purchased |
1,540,000 |
Total manufacturing costs for the period |
3,340,000 |
Materials inventory, end of a period |
114,400 |
Factory overhead was applied during the year.
Using the above information, determine the following missing amounts:
a. Cost of goods sold
b. Direct materials cost
c. Direct labor cost
Critical Essay- 100% Guarantee
"Is this question part of your assignment? We Can Help!"
"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"
Get Started