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YZA Manufacturing Company produces a single product. The following data is for the month of January: Direct materials used: $1,005,000 Direct labor cost: $980,000 Variable

  1. YZA Manufacturing Company produces a single product. The following data is for the month of January:
  • Direct materials used: $1,005,000
  • Direct labor cost: $980,000
  • Variable manufacturing overhead: $950,000
  • Fixed manufacturing overhead: $960,000
  • Beginning finished goods inventory: $955,000
  • Ending finished goods inventory: $965,000
  • Beginning work in process inventory: $945,000
  • Ending work in process inventory: $950,000

Requirements: a) Calculate the total manufacturing cost. b) Calculate the cost of goods manufactured. c) Calculate the cost of goods sold. d) Calculate the gross profit. e) Prepare a schedule of cost of goods manufactured. f) Prepare a schedule of cost of goods sold.

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