2. Assume that the dollar amounts given above are for the equivalent of 50,000 units produced during the year. Compute the average cost per unit for direct materials used and the average cost per unit for rent on the factory building. (Round your answers to 2 decimal places.) Average Cost Direct materials per unit Rent on the factory building per unit 3. Assume that in the following year the company expects to produce 78,125 units. What average cost per unit and total cost would you expect to be incurred for direct materials? For rent on the factory building? (Assume that direct materials are a variable cost and that rent is a fixed cost.) (Round your "Average Cost" answers to 2 decimal places.) Total Cost Average Cost per unit Direct materials Rent on the factory building per unit Selected account balances for the year ended December 31 are provided below for Superior Company: Selling and administrative salaries Insurance, factory Utilities, factory Purchases of raw materials Indirect labour Direct labour Advertising expense cleaning supplies, factory Sales commissions Rent, factory building Maintenance, factory $113,000 8,800 46,500 ? 66,000 99,500 71,600 8,200 51,500 125,000 30,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning of the Year $ 43,200 ? 44,000 End of the Year $ 9,200 37,700 88,000 The total manufacturing costs for the year were $714,000, and the cost of goods sold totalled $672,000. Required: 1.a. Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: Raw materials available for use Raw materials used in production Manufacturing overhead: Total overhead costs Total manufacturing costs Total work in process inventory Cost of goods manufactured 1.b. Prepare the cost of goods sold section of the company's income statement for the year. SUPERIOR COMPANY Income Statement (Partial) For the Year Ended December 31 Goods available for sale Cost of goods sold