Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $1,194,000 Gross profit 322,400 Indirect labor 107,500 Indirect materials 44,200 Other factory overhead 20,300 Materials purchased 608,900 Total manufacturing costs for the period 1,318,200 Materials inventory, end of period 44,200 Using the above Information, determine the following amounts: a. Cost of goods sold $ b. Direct materials cost $ c. Direct labor cost 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