Sales 1,300,000

Direct materials purchased 220,000

Direct labour 250,000

Variable manufacturing overhead 100,000

Fixed manufacturing overhead 200,000

Selling and administrative costs (all fixed) 500,000

Opening work in process inventory 100,000

Closingwork in process inventory 175,000

Opening finished goods inventory 110,000

Closing finished goods inventory 90,000

Opening raw materials inventory (all DM) 90,000

Closing raw materials inventory (all DM) 20,000

What are the total manufacturing costs for the period?

What is the cost of goods manufactured?

What is the cost of goods sold?

What is the gross profit?

What is net profit (loss)?