The company had the following data (in thousands) for a given period: Sales...

Part 1

There were no beginning or ending inventories.

Requirement

1.	Compute the (1) manufacturing cost of goods sold, (2) gross profit, (3) operating income, and (4) conversion cost (total manufacturing cost less materials cost).

(1) Determine the formula, then compute the manufacturing cost of goods sold.

	+		+		=	Mfg. cost of goods sold
	+		+		=

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Sales	$800
Direct materials	250
Direct labor	200
Indirect manufacturing costs	140
Selling and administrative expenses	170

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