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Accounting Accounting EX 19-2 Cost of goods sold: Sales $775,000 Less gross profit 265,000 Cost of goods sold $510,000 Direct materials cost: Materials purchased $303,000 Less: Indirect materials 32,000 Materials inventory 35,000 67,000 Direct materials cost $236,000 Direct labor cost: Total manufacturing costs for the period $620,000 Less: Direct materials cost $236,000 Factory overhead 112,500.