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STU Manufacturing Company incurred the following costs during September: Item Amount ($) Direct Materials Used 748,000 Direct Labor 714,000 Manufacturing Overhead (Variable) 702,000 Manufacturing Overhead

  1. STU Manufacturing Company incurred the following costs during September:
ItemAmount ($)
Direct Materials Used748,000
Direct Labor714,000
Manufacturing Overhead (Variable)702,000
Manufacturing Overhead (Fixed)710,000
Beginning Work in Process Inventory700,000
Ending Work in Process Inventory702,000
Beginning Finished Goods Inventory706,000
Ending Finished Goods Inventory708,000

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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