The Following Information Is Available for the First Month of Operations

question 20

Multiple Choice

The following information is available for the first month of operations for Crawford, Inc.: $\begin{array}{|l|l|}\hline \$ 570,000 & \text { Sales } \\\hline 210,000 & \text { Gross profit } \\\hline 20,000 & \text { Indirect labor } \\\hline 9,000 & \text { Indirect materials } \\\hline 7,500 & \text { Other factory overhead } \\\hline 250,000 & \text { Materials purchased } \\\hline 420,000 & \text { Total manufacturing costs } \\\hline 10,000 & \text { Materials irventory, end of period } \\\hline\end{array}$
Refer to the information provided for Crawford Inc. What is the cost of goods sold?

• A) $420,000
• B) $370,000
• C) $360,000
• D) $276,500

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