The following cost data for the year ending 30 June 2022 relate to Aggro-tech Ltd.

Drone Division Fertiliser Division $ $ Sales $600,000 Inventories at 1 July 2021 Raw materials 18,750 ? Work in process 175,000 Finished goods .9 250,000 Inventories at 30 June 2022 Raw materials 37,500 400,000 Work in process 6,250 ? Finished goods 31,250 ? Direct material used 475,000 Purchases of raw materials 575,000 Direct labour 156,250 Actual manufacturing overhead 315,000 2,238,750 Selling and administrative expenses 525,000 Total manufacturing costs 537,500 3,850,000 Cost of goods manufactured 550,000 3,875,000 Cost of goods available for sale 575,000 Cost of goods sold 3,963,750 Gross profit 661,250 Net profit (2,500)