Facebook Inc. 

• April 2026 Costs:
  • Direct materials: $780,000
  • Direct labor: $580,000
  • Factory overheads: $540,000
  • Selling expenses: $320,000
  • Administrative expenses: $280,000
  • Units produced and sold: 62,000 units
  • Sales revenue: $3,100,000

Requirements:

1. Prepare a cost of goods manufactured statement.
2. Calculate the cost of goods sold.
3. Compute the gross profit.
4. Determine the net profit.