Lockheed Martin Corporation engages in defense contract manufacturing using job costing. In September 2028, the company undertakes three contracts with the following costs:

Contract	Direct Materials ($)	Direct Labor ($)	Factory Overhead ($)
Contract A	100,000	50,000	30,000
Contract B	120,000	55,000	35,000
Contract C	110,000	52,000	33,000

Required:

• Calculate the total manufacturing costs for Lockheed Martin Corporation.
• Determine the cost per unit for each contract produced.
• Analyze the profitability of each contract based on job costing.
• Discuss the advantages of job costing in defense contract manufacturing.
• Prepare a job costing statement for Lockheed Martin Corporation.