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STU Manufacturing Company incurred the following costs during November: Item Amount ($) Direct Materials Used 728,000 Direct Labor 694,000 Manufacturing Overhead (Variable) 682,000 Manufacturing Overhead

  1. STU Manufacturing Company incurred the following costs during November:
ItemAmount ($)
Direct Materials Used728,000
Direct Labor694,000
Manufacturing Overhead (Variable)682,000
Manufacturing Overhead (Fixed)690,000
Beginning Work in Process Inventory680,000
Ending Work in Process Inventory682,000
Beginning Finished Goods Inventory686,000
Ending Finished Goods Inventory688,000

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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