Cost Flow Relationships The following information is available for the first month of operations of...
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Accounting
Cost Flow Relationships
The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils:
| Sales | $333,390 |
| Gross profit | 194,370 |
| Cost of goods manufactured | 166,700 |
| Indirect labor | 72,350 |
| Factory depreciation | 11,000 |
| Materials purchased | 102,680 |
| Total manufacturing costs for the period | 191,700 |
| Materials inventory, ending | 13,670 |
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