McDonald's Corporation has provided the following cost information:

Cost Item	Amount ($)
Direct Materials	5,000,000
Direct Labor	3,500,000
Manufacturing Overhead	2,500,000
Beginning WIP	1,000,000
Ending WIP	800,000
Finished Goods (beginning)	1,500,000
Finished Goods (ending)	1,200,000

Requirements:

1. Prepare a Cost of Goods Manufactured Statement.
2. Calculate the total manufacturing costs.
3. Determine the Cost of Goods Sold.
4. Analyze the impact of a 10% increase in direct labor on the total manufacturing costs.
5. Discuss the role of inventory management in cost control.