Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $1,365,700 Gross profit 368,700 Indirect labor 122,900 Indirect materials 50,500 Other factory overhead 23,200 Materials purchased 696,500 1,507,700 Total manufacturing costs for the period Materials inventory, end of period 50,500 Using the above information, determine the following amounts: a. Cost of goods sold 5 997,000 b. Direct materials cost $ 595,500 c. Direct labor cost $ Entry for Issuing Materials Materials issued are as follows: Requisition No. Material Job No. Amount 201 Aluminum 500 $86,490 202 Plastic 503 29,010 203 Rubber 504 3,240 204 Glue Indirect 2,290 205 Steel 510 36,000 Journalize the entry to record the issuance of materials. If an amount box does not require an entry, leave it blank. Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job order cost system. The time tickets from June jobs are summarized as follows: Job 11-101 $3,420 Job 11-102 2,320 Job 11-103 1,830 Job 11-104 2,820 Job 11-105 1,830 Factory supervision 1,590 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $24 per direct labor hour. The direct labor rate is $13 per hour. a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. b. Journalize the entry to apply factory overhead to production for June. If an amount box does not require an entry, leave it blank