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UVW Manufacturing incurred the following costs during January: Item Amount ($) Direct Materials Used 612,000 Direct Labor 578,000 Manufacturing Overhead (Variable) 566,000 Manufacturing Overhead (Fixed)

  1. UVW Manufacturing incurred the following costs during January:
ItemAmount ($)
Direct Materials Used612,000
Direct Labor578,000
Manufacturing Overhead (Variable)566,000
Manufacturing Overhead (Fixed)574,000
Beginning Work in Process Inventory564,000
Ending Work in Process Inventory566,000
Beginning Finished Goods Inventory570,000
Ending Finished Goods Inventory572,000

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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