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STU Manufacturing Company produces a single product. The following data pertains to the month of March: Direct materials cost: $775,000 Direct labor cost: $750,000 Variable

  1. STU Manufacturing Company produces a single product. The following data pertains to the month of March:
    Direct materials cost: $775,000
    Direct labor cost: $750,000
    Variable manufacturing overhead: $720,000
    Fixed manufacturing overhead: $730,000
    Beginning finished goods inventory: $725,000
    Ending finished goods inventory: $735,000
    Beginning work in process inventory: $715,000
    Ending work in process inventory: $720,000
    Requirements:
    a) Calculate the total manufacturing cost.
    b) Calculate the cost of goods manufactured.
    c) Calculate the cost of goods sold.
    d) Calculate the gross profit.
    e) Prepare a schedule of cost of goods manufactured.
    f) Prepare a schedule of cost of goods sold.

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