Amazon Inc. 

• Costs for August 2024:
  • Direct materials: $200,000
  • Direct labor: $90,000
  • Factory overheads: $70,000
  • Selling expenses: $50,000
  • Administrative expenses: $40,000
  • Units produced and sold: 12,000 units
  • Sales revenue: $600,000

Requirements:

1. Prepare a cost of goods manufactured statement.
2. Compute the cost of goods sold.
3. Calculate the gross margin.

Determine the net operating income.