A manufacturing company reports the following for the period: Inventories Beginning Ending Raw materials $ 18,020 $ 12,000 Work in process 9,400 11,200 Finished goods 12,460 8,630 Activities for the period Raw materials purchases $ 8,100 Direct materials used 14,120 Direct labor used 9,200 Overhead applied 11,040 Sales 40,000 1. Prepare a schedule of cost of goods manufactured. 2. Compute gross profit.

Southeastern oklahoma state university's business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. however, in an effort to limit class sizes to a "reasonable" level (under 200 generally), southeastern's dean, holly lutze, placed a ceiling on enrollment of 1,600 new students. although there was ample demand for business courses last semester, conflicting schedules allowed only 1,440 new students to take business courses.the utilization rate for southeastern=%the efficiency rate for southeastern=%