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VWX Manufacturing incurred the following costs during April: Item Amount ($) Direct Materials Used 354,000 Direct Labor 320,000 Manufacturing Overhead (Variable) 308,000 Manufacturing Overhead (Fixed)

  1. VWX Manufacturing incurred the following costs during April:
ItemAmount ($)
Direct Materials Used354,000
Direct Labor320,000
Manufacturing Overhead (Variable)308,000
Manufacturing Overhead (Fixed)316,000
Beginning Work in Process Inventory306,000
Ending Work in Process Inventory308,000
Beginning Finished Goods Inventory312,000
Ending Finished Goods Inventory314,000

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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