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VWX Manufacturing incurred the following costs during April: Item Amount ($) Direct Materials Used 234,000 Direct Labor 200,000 Manufacturing Overhead (Variable) 188,000 Manufacturing Overhead (Fixed)

  1. VWX Manufacturing incurred the following costs during April:
ItemAmount ($)
Direct Materials Used234,000
Direct Labor200,000
Manufacturing Overhead (Variable)188,000
Manufacturing Overhead (Fixed)196,000
Beginning Work in Process Inventory186,000
Ending Work in Process Inventory188,000
Beginning Finished Goods Inventory192,000
Ending Finished Goods Inventory194,000

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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