Charlie€™s Pets succeeded so well that Charlie decided to manufacture his own brand of chewing bone€”Fido Treats. At the end of December 2012, his accounting records showed the following:

Requirements
1. Prepare a schedule of cost of goods manufactured for Fido Treats for the year ended December 31, 2012.
2. Prepare an income statement for Fido Treats for the year ended December 31, 2012.
3. How does the format of the income statement for Fido Treats differ from the income statement of a merchandiser?
4. Fido Treats manufactured 18,075 units of its product in 2012. Compute the company€™s unit product cost for theyear.

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Beginning Ending Inventorics: Materials $ 13,400 9,500 Work in process Finished goods 2,000 5,300 Other information: $ 33,000 Direct material purchases Plant janitorial services Sales salaries expense Delivery expense Utilitics for plant Rent of plant Customer scrvice hotline expense 1,600 800 13,000 5,000 1,400 Dircct labor 1,700 22,000 Sales revenue 109,000