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Determine the cost of goods sold amounts

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Reference no: EM132507311

The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment:

Sales$12,375,000

Gross profit5,200,000

Indirect labor410,000

Indirect materials180,000

Other factory overhead810,000

Materials purchased4,125,000

Total manufacturing costs for the period7,880,000

Materials inventory, end of period290,000

Question 1: Using this information, determine the following amounts:

a. Cost of goods sold

b. Direct materials cost

c. Direct labor cost

Reference no: EM132507311

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