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Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $1,244,600 Gross
Cost Flow Relationships
The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment:
Sales $1,244,600
Gross profit 336,000
Indirect labor 112,000
Indirect materials 46,100
Other factory overhead 21,200
Materials purchased 634,700
Total manufacturing costs for the period 1,374,000
Materials inventory, end of period 46,100
Using the above information, determine the following amounts:
a. Cost of goods sold $
b. Direct materials cost $
c. Direct labor cost $
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