COGS, Direct Material Costs, and Direct Labor Costs

Using this information, determine the following missing amounts: (Please show calculations)

a. Cost of goods sold
b. Direct materials costs
c. Direct labor costs

Sales $775,000
Gross Profit 265,000
Indirect labor 63,000
Indirect materials 32,000
Other factory overhead 17,500
Materials purchased 303,000
Total manufacturing costs for the period 620,000
Materials inventory, end of period 35,000

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...entory + Purchases - Direct materials

$35,000 = $0 + $303,000 - Direct Materials (Opening inventory is 0)

Direct Materials = $268,000

c. We ...