8. Given
	Sales	1,200,000
	Direct materials used	210,000
	Direct labour	250,000
	Variable manufacturing overhead	175,000
	Fixed manufacturing overhead	200,000
	Selling and administrative costs (all fixed)	500,000
	Opening work in process inventory	100,000
	Closing work in process inventory	175,000
	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?
3	What is net profit (loss)?
	9. Given
	Sales	1,300,000
	Direct materials purchased	220,000
	Direct labour	250,000
	Variable manufacturing overhead	100,000
	Fixed manufacturing overhead	200,000
	Selling and administrative costs (all fixed)	500,000
	Opening work in process inventory	100,000
	Closing work in process inventory	175,000
	Opening finished goods inventory	110,000
	Closing finished goods inventory	90,000
	Opening raw materials inventory ( all DM)	90,000
	Closing raw materials inventory ( all DM)	20,000
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?
3	What is net profit (loss)?