Google's advertising division reported the following data for the month of January 2023:

• Opening Work in Process Inventory: $250,000
• Direct Materials: $1,000,000
• Direct Labor: $700,000
• Manufacturing Overhead: $500,000
• Ending Work in Process Inventory: $350,000
• Sales Revenue: $6,000,000
• Administrative and Marketing Expenses: $1,000,000

Requirements:

1. Compute the Total Manufacturing Costs.
2. Calculate the Cost of Goods Manufactured.
3. Determine the Cost of Goods Sold.
4. Calculate the Gross Profit.
5. Prepare the detailed Income Statement for January 2023.