You have the following information Direct labor $50000 Direct Material $70000 Manufacturing overhead $30000 WIP Jun1 $25000 WIP Jun 30 $30000 Finished Goods Jun1 $15000 Finished Goods Jun30 $25000 Sold Unite 10000 Unit Unit selling Price $30 Selling Expenses 30000 Demonstrative Expenses 15000 You are required to calculate 1- Cost of manufactured goods 2- Cost of sold Goods 3- Gross margin (income) 4- Operational income

1.Cost of manufactured goods

It is the cost incurred for the goods manufactured.the cost incurred to make the goods sales is the cost of goods sold.