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UVW Manufacturing incurred the following costs during September: Item Amount ($) Direct Materials Used 172,000 Direct Labor 138,000 Manufacturing Overhead (Variable) 126,000 Manufacturing Overhead (Fixed)

  1. UVW Manufacturing incurred the following costs during September:
ItemAmount ($)
Direct Materials Used172,000
Direct Labor138,000
Manufacturing Overhead (Variable)126,000
Manufacturing Overhead (Fixed)134,000
Beginning Work in Process Inventory124,000
Ending Work in Process Inventory126,000
Beginning Finished Goods Inventory130,000
Ending Finished Goods Inventory132,000

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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