The following are data regarding last year’s production of Dicer Ricer, one of the major products of Kitchen Gadget Company.

During the year, 61,000 units of this product were manufactured and 62,100 units were sold. Selected information concerning inventories during the year follows.

Instructions
a. Prepare a schedule of the cost of finished goods manufactured for the Dicer Ricer product.
b. Compute the average cost of a Dicer Ricer per finished unit for last year.
c. Compute the cost of goods sold associated with the sale of Dicer Ricer. Assume that there is a first-in, first-out (FIFO) flow through the Finished Goods Inventory account and that all units completed during the year are assigned the per-unit costs determined in part b. 

d. Compute the amount of inventory relating to Dicer Ricer that will be listed in the company’s balance sheet at December 31. Show supporting computations for the year-end amounts of materials inventory and finished goods inventory.

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Purchases of direct materials Direct materials used ..... Direct labor payrolls (paid during the year) Direct labor costs assigned to production Manufacturing overhead ... $332,000 333,600 176,700 180,000 288,000