Sales 1,700,000

Direct materials used 90,000

Direct labour 160,000

Variable manufacturing overhead 140,000

Fixed manufacturing overhead 250,000

Selling and administrative costs (all fixed) 400,000

Opening work in process inventory 50,000

Closingwork in process inventory 40,000

Opening finished goods inventory 100,000

Closing finished goods inventory 150,000

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)?