Davis Manufacturing Company Had the Following Data

Essay

Davis Manufacturing Company had the following data:
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Collections on account were $625,000.
Cost of goods sold was 68% of sales.
Direct materials purchased amounted to $90,000.
Factory overhead was 300% of the cost of direct labor.
Compute:
(a)Sales revenue (all sales were on account)
(b)Cost of goods sold
(c)Cost of goods manufactured
(d)Direct labor used
(e)Direct materials incurred
(f)Factory overhead incurred