Elmer Corporation Has the Following Information for the Month of October

Elmer Corporation has the following information for the month of October, its first month of operations:
$\begin{array}{|l|r|}\hline \text { Work in Process October } 1 & 0 \\\hline \text { Units completed \& transferred out in October } & 120,000 \\\hline \text { Work in process October } 30 & 32,000 \\\hline 100 \% \text { completed for materials } & \\\hline 80 \% \text { completed for conversion costs } & \\\hline\end{array}$
Costs added in October:
$$\begin{array} { | l | r | } \hline \text { Materials } & \$ 145,900 \\\hline \text { Direct Labor } & \$ 96,000 \\\hline \text { Overhead } & \$ 108,000 \\\hline\end{array}$$
(1.) Determine the equivalent units of production for October.
(2.) Determine the cost of the ending work-in-process.
(3.) Determine the cost of goods completed.
(4.) If the company sold ¾ of its completed goods for $264,000, what is the gross profit?