Hello,

I am currently having trouble with solving this problem. This is a managerial accounting question, and I thank you for your time and help.

Exam Corporation had the following information available for their recent month: Direct Materials Work in Process Finished Goods Beginning 5,000 5,000 10,000 Ending 10,000 7,500 12,000 Direct Materials Purchased Direct Labor Costs Factory Overhead 80,000 115,000 65,000 Sales 600,000 Selling Expenses Administrative Expenses 150,000 75.000 Answers Required Calculate the following amounts: Questions Direct Materials Used Total Manufacturing Costs Total Cost of Goods Manufactured Total Cost of Goods Sold Gross Profit Net Income Calculations