A manufacturing company reports the following for the period:

Inventories Beginning Ending

Raw materials $ $18,020$ $ $12,000$

Work in process $9,40011,200$

Finished goods $12,4608,630$

Activities for the period

Raw materials purchases $ $8,100$

Direct materials used $14,120$

Direct labor used $9,200$

Overhead applied $11,040$

Sales $40,000$

Prepare a schedule of cost of goods manufactured.

Compute gross profit.