action cometinde cancion tema browser medication might M Sot Check Adams Manufacturing Company was started on January 1year, when it couired 588.000 cash by issuing common stock Adams immediately purchased office furniture and manufacturing equipment costing 59700 and $33,100. respectively. The office furniture on eight year useful life and a zero salvage value. The manufacturing equipment had a $3.900 salvage value and an expected use life of four years. The company paid $11.400 for salaries of administrative personnel and $15.400 for wages to production personnel Finally, the company paid 514260 for raw materials that were used to make inventory Alventory was started and completed on the year Adams completed production on 4,400 units of product and sold 3,440 units at a price of 515 ench in year (Asume that transactions are cash transactions and that product costs are computed in accordance with GAAP) Required o. Determine the total product cost and the average cost per unit of the inventory produced in year 1 (Round "Average cost per unit to 2 decimal places) b. Determine the amount of cost of goods sold that would appear on the year income statement. (Do not round intermediate calculations) c. Determine the amount of the ending inventory balance that would appear on the December 31, year balance sheet. Do not our Intermediate calculations.) d. Determine the amount of net income that would appear on the year income statement (Round your final answer value to the nearest whole dollar) e. Determine the amount of retained earnings that would appear on the December 31 year balance sheet (Round your finalas value to the nearest whole dollar) 1. Determine the amount of total assets that would appear on the December, yearbalance sheet (Round your finanswer valu to the nearest whole dollar) ch O 9 63F hip > 6 7 00 9 R T Y 1 P G 1 K paa B N M value to the nearest whole dollar) f. Determine the amount of total assets that would appear on the De to the nearest whole dollar.) a Total product cost Average cost per unit b. Cost of good sold Ending inventory d. Net income Retained earning f Total asset C. e.