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Chapter 16 eBook Show Me How Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer

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Chapter 16 eBook Show Me How Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $1,308,500 Gross profit 353,300 Indirect labor 117,800 Indirect materials 48,400 Other factory overhead 22,200 Materials purchased 667,300 Total manufacturing costs for the period 1,444,600 Materials inventory, end of period 48,400 Using the above information, determine the following amounts: a. Cost of goods sold b. Direct materials cost c. Direct labor cost 5

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