uicy Manufacturing Corporation incurred the following costs.
Beginning direct materials inventory $24,000
Beginning work-in-process inventory $10,500
Beginning finished goods inventory $28,500
Ending direct materials inventory $24,000
Ending work in process $21,000
Ending finished goods $39,000
Factory supervisor’s salary $42,000
Depreciation on plant $18,000
Sales $1,200,000
Selling and administrative expenses $187,500
Plant maintenance $9,000
Plant utilities $16,500
Direct material purchases $322,500
Direct labor $360,000
Required: Calculate the following.
a. Direct materials used
b. Cost of goods manufactured
c. Cost of goods sold
d. Operating income