Sales Inventories at 1 July 2021 Raw materials Fertiliser Division Drone Division $ $ 600,000 4,625,000 18,750 300,000 Work in process 18,750 175,000 Finished goods 25,000 250,000 Inventories at 30 June 2022 Raw materials 37,500 400,000 Work in process 6,250 150,000 Finshed goods 31,250 150,000 Direct material used 68,750 475,000 Purchase pf raw materials 87,500 575,000 Direct labor 156,250 1,125,000 Actual manufacturing overhead 315,000 2,238,750 Selling and adminstrative expenses 51,250 3,303,750 Total manufacturing costs 537,500 3,850,000 Cost of goods manufactured 550,000 3,875,000 Cost of goods available for sale 575,000 4,125,000 Cost of goods sold 543,750 3,963,750 Gross profit 53,750 661,250 Net profit (2,500) 2,642,500