The following inventory data relate to the Reta Company: 
Revenues and costs for the period: 
Compute the following for the year:
a.Direct materials purchased
b.Direct labor costs incurred
c.Cost of goods sold
d.Gross profit
Definitions:
Balance Sheet
A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time, showing the company's financial position.
Foreign Exchange Gain
Profit derived from the appreciation of one currency against another in the context of foreign exchange trading or transactions.
Foreign Exchange Loss
A loss resulting from the devaluation of the home currency against a foreign currency in transactions.
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