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STU Manufacturing Company incurred the following costs during September: Item Amount ($) Direct Materials Used 628,000 Direct Labor 594,000 Manufacturing Overhead (Variable) 582,000 Manufacturing Overhead

  1. STU Manufacturing Company incurred the following costs during September:
ItemAmount ($)
Direct Materials Used628,000
Direct Labor594,000
Manufacturing Overhead (Variable)582,000
Manufacturing Overhead (Fixed)590,000
Beginning Work in Process Inventory580,000
Ending Work in Process Inventory582,000
Beginning Finished Goods Inventory586,000
Ending Finished Goods Inventory588,000

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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