Answer:
a. Cost of goods sold $981,600
b. Direct materials cost $635,900
c. Direct labor cost $654,800
Explanation:
<u>Direct Material Cost Calculation :</u>
Opening Materials Inventory 0
Add Purchases of Materials 685,700
Less Closing Materials Inventory (49,800)
Direct Materials Cost 635,900
<u>Direct Labor Cost ; Total Manufacturing Account</u>
Direct Materials Cost 635,900
Indirect labor 121,000
Indirect materials 49,800
Other factory overhead 22,900
Manufacturing Costs before Direct Labor Cost 829,600
Direct Labor (Balancing Figure) 654,800
Total manufacturing costs 1,484,400
<u>Cost of Goods Sold Calculation</u>
Sales $1,344,600
Less Gross Profit ($363,000)
Cost of Goods Sold $981,600