Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $1,303,700 Gross profit 352,000 Indirect labor 117,300 Indirect materials 48,200 Other factory overhead 22,200 Materials purchased 664,900 Total manufacturing costs for the period 1,439,300 Materials inventory, end of period 48,200 Using the above information, determine the following amounts: a. Cost of goods sold 951,700 b. Direct materials cost 568,500 c. Direct labor cost -848,600 X Feedback Check My Work a. Sales minus the cost of goods sold equals the gross profit. b. Materials purchased less the Indirect materials and ending materials inventory equals the direct materials cost. c. Direct materials + direct labor + factory overhead equals the total manufacturing costs