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The following info. is available for the first month of operations

Thanks God, that I founded you through Facebook!
As for the problem from Managerial Accounting, I am lost to begin with... but I would appreciate if you could help me with this exercise =/

The following info. is available for the first month of operationsof Korv Inc., a manufacturer of art and craft items:

Sales - $775,000


Gross profit - 265,000


Indirect labor - 63,000


Indirect materials - 32,000


Other factory o/h - 17,500


Materials purchased - 303,000


Total manufacturing costs for the period - 620,000


Materials inventory, end of period - 35,000

By using the above info, determine the following missing amounts:

(a) COGS ?


(b) DM cost ?


(c) DL cost ?

May 08 2018 View more View Less

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