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Cost Flow Relationships The following information is available for the first month of operations of...

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Accounting

Cost Flow Relationships

The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils:

Sales $333,390
Gross profit 194,370
Cost of goods manufactured 166,700
Indirect labor 72,350
Factory depreciation 11,000
Materials purchased 102,680
Total manufacturing costs for the period 191,700
Materials inventory, ending 13,670

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