Compute the unknowns:

Sales………………… $ 100,000

Direct materials used………….. 29,000

Direct labor……………… 10,000

Variable selling and administration expenses…… 16,000

Fixed manufacturing overhead……….. 30,000

Fixed selling and administration expenses…… 9,000

Gross profit………………. ?

Opening material inventory………… 3,000

Closing material inventory ………… 10,000

Variable manufacturing overhead……… ?

Purchase of direct material………… ?

Cost of goods manufactured……….. ?

Net income ……………… 1,000

There is no opening or closing finished goods or work- in- process inventory.

Compute the unknowns Sales 100 000 Direct materials used 29 00



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