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UVW Corporation gathered the following data for the month of November: Item Amount ($) Direct Materials Used 152,000 Direct Labor 118,000 Manufacturing Overhead (Variable) 106,000

  1. UVW Corporation gathered the following data for the month of November:
ItemAmount ($)
Direct Materials Used152,000
Direct Labor118,000
Manufacturing Overhead (Variable)106,000
Manufacturing Overhead (Fixed)114,000
Beginning Work in Process Inventory104,000
Ending Work in Process Inventory106,000
Beginning Finished Goods Inventory110,000
Ending Finished Goods Inventory112,000

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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