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  1. business
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  3. direct materials inventory, january 1 (a) $

Direct materials inventory, January 1 (a) $ 3,920 ...

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Accounting

Direct materials inventory, January 1
(a)
$ 3,920
$ 16,640
Direct materials inventory, December 31
$ 4,850
3,248
14,664
Work-in-process inventory, January 1
2,700
7,526
85,696
Work-in-process inventory, December 31
3,800
3,472
79,800
Finished goods inventory, January 1
1,900
(d)
17,888
Finished goods inventory, December 31
300
4,928
29,536
Purchases of direct materials
16,100
13,440
66,768
Cost of goods manufactured during this year
(b)
30,486
326,320
Total manufacturing costs
55,550
26,432
320,424
Cost of goods sold
56,050
30,464
314,673
Gross margin
(c)
18,368
666,931
Direct labor
26,450
4,256
129,688
Direct materials used
15,300
(e)
68,744
Manufacturing overhead
13,800
8,064
(g)
Sales revenue
103,300
(f)
981,604

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