Cost Flow Relationships The following information is available for the first month of operations of Makin' It Inc., a manufacturer of arts and craft items: Sales $375,000 Gross profit 120,000 Indirect labor 30,000 Indirect materials 15,000 Other factory overhead 5,000 Materials purchased 200,000 Total manufacturing costs for the period 300,000 Materials inventory, end of period 25,000 Using the above information, determine the following: a. Cost of goods sold: $ 255,000 b. Direct materials cost: 160,000 X c. Direct labor cost