1. ABC Manufacturing Company incurred the following costs during the month of January:

Item	Amount ($)
Direct Materials Used	50,000
Direct Labor	30,000
Manufacturing Overhead (Variable)	20,000
Manufacturing Overhead (Fixed)	25,000
Beginning Work in Process Inventory	15,000
Ending Work in Process Inventory	18,000
Beginning Finished Goods Inventory	22,000
Ending Finished Goods Inventory	25,000

Requirements: a) Calculate Total Manufacturing Cost. b) Calculate Cost of Goods Manufactured. c) Calculate Cost of Goods Sold. d) Calculate Gross Profit. e) Prepare a Schedule of Cost of Goods Manufactured. f) Prepare a Schedule of Cost of Goods Sold. g) Prepare a Schedule of Gross Profit.