1 Company started by issuing common stock for $600,000 Bought naw matcrials with cash for production of $193,500 Paid eash for wages to factory workers for the week in the amount of $26,500 Paid cash for wages to the administrative workers in home office of $7,500 Bought manufacturing equipment for $40,000. Depreciation on manufacturing is straight-line over 5 years, no salvage value Bought office farmiture and compaters for the administration staff for $70,000. Depreciation on office furniture is striight-line over 7 years, no salvage value Started and completed 500 units (at this point, add up your product costs in inventory, then divide by completed units to get Cost per Unit) 10 Sold 300 units with a mark-up of cost plus 145% SHOW YOUR WORK