Arident Inc. reports the following information for the first quarter of the current year:

Property taxes, plant $$12,000$ Work$-$in$-$process, Jan $180,000$

Direct labor $510,000$ Work$-$in$-$process, Mar $3192,000$

Sales salaries $80,000$ Leasing costs, plant $20,000$

Advertising costs $50,000$ Materials purchased $460,000$

Materials inventory, Jan $140,000$ Finished goods, Jan $1110,000$

Materials inventory, Mar $3126,000$ Finished goods, Mar $31140,000$

Machine helpers$$ wages $6,000$ Sales $3,000,000$

Depreciation, plant $70,000$ Depreciation, Office $50,000$

Sales Commissions $120,000$ Presidents salary $200,000$

Insurance, factory equipment $8,000$ Office supplies $10,000$

Office administration costs $180,000$ Units completed $15,000$

Determine the following for Arident Inc.: $(1/2$ point each$)$

$1.$ Cost of DM used

$2.$ Total Manufacturing Cost

$3.$ Cost of Goods Manufactured

$4.$ Cost of Goods Sold

$5.$ Gross Margin

$6.$ Operating Expenses

$7.$ Net Income $($Loss$)($assuming a $40\%$ tax bracket$)$

$8.$ Unit CostArident Inc. reports the following information for the first quarter of the current year:

Property taxes, plant $$12,000$ Work$-$in$-$process, Jan $180,000$

Direct labor $510,000$ Work$-$in$-$process, Mar $3192,000$

Sales salaries $80,000$ Leasing costs, plant $20,000$

Advertising costs $50,000$ Materials purchased $460,000$

Materials inventory, Jan $140,000$ Finished goods, Jan $1110,000$

Materials inventory, Mar $3126,000$ Finished goods, Mar $31140,000$

Machine helpers$$ wages $6,000$ Sales $3,000,000$

Depreciation, plant $70,000$ Depreciation, Office $50,000$

Sales Commissions $120,000$ Presidents salary $200,000$

Insurance, factory equipment $8,000$ Office supplies $10,000$

Office administration costs $180,000$ Units completed $15,000$

Determine the following for Arident Inc.: $(1/2$ point each$)$

$1.$ Cost of DM used

$2.$ Total Manufacturing Cost

$3.$ Cost of Goods Manufactured

$4.$ Cost of Goods Sold

$5.$ Gross Margin

$6.$ Operating Expenses

$7.$ Net Income $($Loss$)($assuming a $40\%$ tax bracket$)$

$8.$ Unit Cost