Cost flow relationships The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $ 12,365,000 Gross profit 5,195,800 Indirect labor 409,700 Indirect materials 179,800 Other factory overhead 809,400 Materials purchased 4,121,600 Total manufacturing costs for the period 7,873,700 Materials inventory, end of period 289,800 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. X Open spreadsheet Determine the following amounts. Round your answers to the nearest dollar a. Cost of goods sold $7,169,200 b. Direct materials cost 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. X2 Open spreadsheet Determine the following amounts. Round your answers to the nearest dollar. a. Cost of goods sold $ 7,169,200 b. Direct materials cost $ 409,700 x c. Direct labor cost $ 406 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