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STU Manufacturing Company incurred the following costs during the month of November: Item Amount ($) Direct Materials Used 128,000 Direct Labor 94,000 Manufacturing Overhead (Variable)

  1. STU Manufacturing Company incurred the following costs during the month of November:
ItemAmount ($)
Direct Materials Used128,000
Direct Labor94,000
Manufacturing Overhead (Variable)82,000
Manufacturing Overhead (Fixed)90,000
Beginning Work in Process Inventory80,000
Ending Work in Process Inventory82,000
Beginning Finished Goods Inventory86,000
Ending Finished Goods Inventory88,000

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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