The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $1,337,800
Gross profit 361,200
Indirect labor 120,400
Indirect materials 49,500
Other factory overhead 22,700
Materials purchased 682,300
Total manufacturing costs for the period 1,476,900
Materials inventory, end of period 49,500

Using the above information, determine the following amounts:

a. Cost of goods sold
b. Direct materials cost
c. Direct labor cost

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?