Jean-Pierre, Inc. makes and sells Fakes. Manufacturing Overhead is applied based on Direct Labor (DL) Hours incurred. Expected DL Hours for October 2022 - 1,800 DL Hours Expected Overhead for October 2022 - $144,000 Beginning and ending inventory balances for October: WIP Finished Fakes Inventory Materials Inventory 10/1/22 $25,000 $55,000 $22,000 10/31/22 28,000 50,000 29,000 During October of 2022: Jean-Pierre, Inc. purchased $55,000 of Materials Incurred $57,350 of Direct Labor (1,850 DL Hours @ $31 per DL Hour) Incurred Manufacturing Overhead totaling $147,000 Required: What is Cost of Goods Manufactured for October 2022? What is Cost of Goods Sold for October 2022 before closing any over/under applied overhead to COGS? What is COGS if any over/under applied overhead is closed to COGS? What is Jean-Pierre, Inc.'s October gross profit if they sold the finished Fakes for $350,000