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MNO Manufacturing gathered the following data for the month of February: Item Amount ($) Direct Materials Used 182,000 Direct Labor 148,000 Manufacturing Overhead (Variable) 136,000

  1. MNO Manufacturing gathered the following data for the month of February:
ItemAmount ($)
Direct Materials Used182,000
Direct Labor148,000
Manufacturing Overhead (Variable)136,000
Manufacturing Overhead (Fixed)144,000
Beginning Work in Process Inventory134,000
Ending Work in Process Inventory136,000
Beginning Finished Goods Inventory140,000
Ending Finished Goods Inventory142,000

Requirements: a) Calculate Total Manufacturing Cost. b) Calculate Cost of Goods Manufactured. c) Calculate Cost of Goods Sold. d) Calculate Gross Profit. e) Prepare a Schedule of Cost of Goods Manufactured. f) Prepare a Schedule of Cost of Goods Sold. g) Prepare a Schedule of Gross Profit.

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