The following information is available for the first year of operations of Creston Inc., a manufacturer of
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Question:
The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment:
Sales | $12,075,000 | ||
Gross profit | 5,073,900 | ||
Indirect labor | 400,000 | ||
Indirect materials | 175,600 | ||
Other factory overhead | 790,400 | ||
Materials purchased | 4,025,000 | ||
Total manufacturing costs for the period | 7,689,000 | ||
Materials inventory, end of the period | 283,000 |
- Determine the following amounts. Round your answers to the nearest dollar.
Cost of goods sold
$
Direct materials cost
$
Direct labor cost
$
Related Book For
Financial and Managerial Accounting
ISBN: 978-1337119207
14th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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