7. Given
	Sales	1,700,000
	Direct materials used	90,000
	Direct labour	160,000
	Variable manufacturing overhead	140,000
	Fixed manufacturing overhead	250,000
	Selling and administrative costs (all fixed)	400,000
	Opening work in process inventory	50,000
	Closing work in process inventory	40,000
	Opening finished goods inventory	100,000
	Closing finished goods inventory	150,000
2	What are the total manufacturing costs for the period?
2	What is the cost of goods manufactured?
2	What is the cost of goods sold?
2	What is the gross profit?
2	What is net profit (loss)?

5. Given the following unit manufacturing costs for1 500 units:
Direct materials cost	$10	per unit
Direct labor	$11	per unit
Variable manufacturing overhead	$5	per unit
Fixed manufacturing overhead	$10	per unit
What is the total prime costs if 100 units are produced?
What is the prime cost per unit if 100 units are produced?
What is the total prime cost if 200 units are produced
What is the prime cost per unit if 200 units are produced?
What is the total conversion cost if 100 units are produced?
What is the total conversion cost if 300 units are produced?
What is the total conversion cost if 600 units are produced?
What is the conversion cost per unit if 100 units are produced?
What is the conversion cost per unit if 500 units are produced?
What is the conversion cost per unit if 1000 units are produced?