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UVW Manufacturing incurred the following costs during January: Item Amount ($) Direct Materials Used 732,000 Direct Labor 698,000 Manufacturing Overhead (Variable) 686,000 Manufacturing Overhead (Fixed)

  1. UVW Manufacturing incurred the following costs during January:
ItemAmount ($)
Direct Materials Used732,000
Direct Labor698,000
Manufacturing Overhead (Variable)686,000
Manufacturing Overhead (Fixed)694,000
Beginning Work in Process Inventory684,000
Ending Work in Process Inventory686,000
Beginning Finished Goods Inventory690,000
Ending Finished Goods Inventory692,000

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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