Cost flow relationships

The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment:

Sales	$	12,410,000
Gross profit		5,214,700
Indirect labor		411,100
Indirect materials		180,500
Other factory overhead		812,300
Materials purchased		4,136,600
Total manufacturing costs for the period		7,902,300
Materials inventory, end of period		290,800

This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.

Open spreadsheet

Determine the following amounts. Round your answers to the nearest dollar.

1. Cost of goods sold

   $

2. Direct materials cost_______-

3. Direct labor cost

   $