Leslie Manufacturing reported the following: Revenue $850,000 ...
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Accounting
Leslie Manufacturing reported the following:
| Revenue | $850,000 |
| Beginning inventory of direct materials, January 1, 2015 | 20,000 |
| Purchases of direct materials | 286,000 |
| Ending inventory of direct materials, December 31, 2015 | 18,000 |
| Direct manufacturing labor | 21,000 |
| Indirect manufacturing costs | 42,000 |
| Beginning inventory of finished goods, January 1, 2015 | 60,000 |
| Cost of goods manufactured | 314,000 |
| Ending inventory of finished goods, December 31, 2015 | 45,000 |
| Operating costs | 150,000 |
a) What is Leslies Direct Materials Used?
b) What is Leslies Manufacturing Costs Incurred?
c) What is Leslie's Cost of Goods Sold?
d) What is Leslies Operating Income?
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