blems ? HERE Fisher Limited is a manufacturer that produces a single product. The following information has been taken from the company's production, sales, and cost records for the just completed year: Production in units. 30000 Sales in units.... Ending finished goods inventory in units ? Sales in dollars.. $650.000 Costs Advertising... $50,000 Direct labour. $80.000 Indirect labour $60,000 Raw materials purchased $160.000 Building rent (production uses 80% of the space, administrative and sales offices use the rest) $50,000 Utilities, factory $35.000 Royalty paid for use of production patent, si per un produced. ? Maintenance, factory $25.000 Rent for special production equipment, 56,000 per year plus SoD per int produced. ? Selling and administrative salaries. 5140000 Other factory overhead costs $16000 Other selling and administrative expenses. $20.000 Beginning End of of Year Year Inventories Raw materials. $20.000 $0.000 Work in process $30.000 $40.000 Finished goods SO 2 The finished goods inventory is being carried at the average unit production cost for the year. The selling price of the product is 525 per unit Required: 1. Prepare a schedule of cost of goods manufactured for the year. 2. Compute the following: The number of units in the finished goods inventory at the end of the year. The cost of the units in the finished goods inventory at the end of the year. 3. Prepare an income statement for the year. b