PepsiCo Inc.

• August 2026 Costs:
  • Direct materials: $900,000
  • Direct labor: $700,000
  • Factory overheads: $660,000
  • Selling expenses: $380,000
  • Administrative expenses: $340,000
  • Units produced and sold: 74,000 units
  • Sales revenue: $3,700,000

Requirements:

1. Prepare a cost of goods manufactured statement.
2. Calculate the cost of goods sold.
3. Compute the gross profit.
4. Determine the net profit.