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TUV Manufacturing gathered the following data for the month of June: Item Amount ($) Direct Materials Used 190,000 Direct Labor 156,000 Manufacturing Overhead (Variable) 144,000

  1. TUV Manufacturing gathered the following data for the month of June:
ItemAmount ($)
Direct Materials Used190,000
Direct Labor156,000
Manufacturing Overhead (Variable)144,000
Manufacturing Overhead (Fixed)152,000
Beginning Work in Process Inventory142,000
Ending Work in Process Inventory144,000
Beginning Finished Goods Inventory148,000
Ending Finished Goods Inventory150,000

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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