The following information is available for the first month of operations of Url Inc., a manufacturer of art and craft items:
Sales............................................................ $1,200,000
Gross profit.................................................... 320,000
Indirect labor.................................................. 110,000
Indirect materials............................................. 45,000
Other factory overhead...................................... 20,000
Materials purchased.......................................... 610,000
Total manufacturing costs for the period.................. 1,325,000
Materials inventory, end of period.................................. 45,000
Using the above information, determine the following:
a. Cost of goods sold
b. Direct materials cost
c. Direct labor cost