Lockheed Martin Corporation engages in defense contract manufacturing using job costing. In September 2030, the company undertakes three contracts with the following costs:

Contract	Direct Materials ($)	Direct Labor ($)	Factory Overhead ($)
Contract A	300,000	180,000	90,000
Contract B	350,000	190,000	100,000
Contract C	325,000	185,000	95,000

Indirect labor costs amount to $120,000.

Required:

• Calculate the total manufacturing costs for Lockheed Martin Corporation.
• Determine the cost per unit for each contract produced.
• Allocate indirect labor costs to each contract using the job costing method.
• Analyze the profitability of each contract based on job costing principles.
• Prepare a job costing statement for Lockheed Martin Corporation.