Toyota Motor Corporation:

Cost Elements	Amount ($)
Direct Materials	250,000
Direct Labor	150,000
Factory Overheads	120,000
Selling and Distribution Expenses	90,000
Administrative Expenses	70,000
Units Produced and Sold	14,000 units
Sales Revenue	700,000

Requirements:

1. Compute the total manufacturing cost.
2. Determine the cost per unit.
3. Calculate the gross margin per unit.
4. Find the total gross profit and net profit.