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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 $895,400 Gross

Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $895,400 Gross profit 241,800 Indirect labor 80,600 Indirect materials 33,100 Other factory overhead 15,200 Materials purchased 456,700 Total manufacturing costs for the period 988,500 Materials inventory, end of period 33,100

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