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VWX Manufacturing incurred the following costs during October: Item Amount ($) Direct Materials Used 414,000 Direct Labor 380,000 Manufacturing Overhead (Variable) 368,000 Manufacturing Overhead (Fixed)

  1. VWX Manufacturing incurred the following costs during October:
ItemAmount ($)
Direct Materials Used414,000
Direct Labor380,000
Manufacturing Overhead (Variable)368,000
Manufacturing Overhead (Fixed)376,000
Beginning Work in Process Inventory366,000
Ending Work in Process Inventory368,000
Beginning Finished Goods Inventory372,000
Ending Finished Goods Inventory374,000

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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