Google LLC:

Cost Elements	Amount ($)
Direct Materials	180,000
Direct Labor	110,000
Factory Overheads	85,000
Selling and Distribution Expenses	65,000
Administrative Expenses	55,000
Units Produced and Sold	10,000 units
Sales Revenue	500,000

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.