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PQR Manufacturing incurred the following costs during September: Item Amount ($) Direct Materials Used 484,000 Direct Labor 450,000 Manufacturing Overhead (Variable) 438,000 Manufacturing Overhead (Fixed)

  1. PQR Manufacturing incurred the following costs during September:
ItemAmount ($)
Direct Materials Used484,000
Direct Labor450,000
Manufacturing Overhead (Variable)438,000
Manufacturing Overhead (Fixed)446,000
Beginning Work in Process Inventory436,000
Ending Work in Process Inventory438,000
Beginning Finished Goods Inventory442,000
Ending Finished Goods Inventory444,000

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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