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YZA Inc. incurred the following costs during May: Item Amount ($) Direct Materials Used 116,000 Direct Labor 82,000 Manufacturing Overhead (Variable) 70,000 Manufacturing Overhead (Fixed)

  1. YZA Inc. incurred the following costs during May:
ItemAmount ($)
Direct Materials Used116,000
Direct Labor82,000
Manufacturing Overhead (Variable)70,000
Manufacturing Overhead (Fixed)78,000
Beginning Work in Process Inventory68,000
Ending Work in Process Inventory70,000
Beginning Finished Goods Inventory74,000
Ending Finished Goods Inventory76,000

Requirements: a) Determine 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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