The Enrique Company recorded the following transactions for February 20x1: Sales were $560,000, with sales prices determined by adding a 40% markup to the ﬁrm's manufacturing cost.The total cost of direct materials used, direct labor, and manufacturing overhead during the month was $285,000. Note: The materials account includes both direct materials and indirect materials. Required: Calculate the missing values.

Question

The Enrique Company recorded the following transactions for February 20x1:  Sales were $560,000, with sales prices determined by adding a 40% markup to the ﬁrm's manufacturing cost.The total cost of direct materials used, direct labor, and manufacturing overhead during the month was $285,000. Note: The materials account includes both direct materials and indirect materials. Required: Calculate the missing values.

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The Answer of The Enrique Company recorded the following transactions for February 20x1:  Sales were $560,000, with sales prices determined by adding a 40% markup to the ﬁrm's manufacturing cost.The total cost of direct materials used, direct labor, and manufacturing overhead during the month was $285,000. Note: The materials account includes both direct materials and indirect materials. Required: Calculate the missing values.

The Enrique Company Recorded the Following Transactions for February 20x1