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Connect Class ok Show Me How Office 365 Calculator st flow relationships e following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $ 12,205,000 Gross profit 5,128,500 Indirect labor 404,400 Indirect materials 177,500 Other factory overhead 798,900 Materials purchased 4,068,300 Total manufacturing costs for the period 7,771,800 Materials inventory, end of period 286,000 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 ppen spreadsheet Petermine the following amounts. Round your answers to the nearest dollar a. Cost of goods sold 7,076,500 b. Direct materials cost a PUU. Finish page- - Am ppen spreadsheet Determine the following amounts. Round your answers to the nearest dollar. a. Cost of goods sold $ 7,076,500 b. Direct materials cost $ 3,604,800 c. Direct labor cost 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. Previous Check My Work 1 more Check My Work uses remaining, Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $1,232,300 Gross profit 332,700 Indirect labor 110,900 45,600 20,900 Indirect materials Other factory overhead Materials purchased Total manufacturing costs for the period Materials inventory, end of period 628,500 1,360,500 45,600 Using the above information, determine the following amounts: a. Cost of goods sold 899,600 b. Direct materials cost 537,300 c. Direct labor cost

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