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PQR Manufacturing incurred the following costs during September: Item Amount ($) Direct Materials Used 724,000 Direct Labor 690,000 Manufacturing Overhead (Variable) 678,000 Manufacturing Overhead (Fixed)

  1. PQR Manufacturing incurred the following costs during September:
ItemAmount ($)
Direct Materials Used724,000
Direct Labor690,000
Manufacturing Overhead (Variable)678,000
Manufacturing Overhead (Fixed)686,000
Beginning Work in Process Inventory676,000
Ending Work in Process Inventory678,000
Beginning Finished Goods Inventory682,000
Ending Finished Goods Inventory684,000

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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