Samsung Electronics:

Cost Elements	Amount ($)
Direct Materials	820,000
Direct Labor	620,000
Factory Overheads	580,000
Selling and Distribution Expenses	340,000
Administrative Expenses	300,000
Units Produced and Sold	66,000 units
Sales Revenue	3,300,000

Requirements:

1. Prepare a cost of goods manufactured statement.
2. Calculate the cost of goods sold.
3. Compute the gross profit.
4. Determine the net profit.