Carlton Manufacturing Company provided the following details about operations in February Purchases of raw materials Maintenance, factory Direct labour Depreciation factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Kent, factory building $172,000 41.200 35,380 60,00 3,70e 46,700 28,800 18,988 4,700 22,800 114,500 The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: End of Month Raw materials Work in process Finished goods Beginning of Month $ 39,000 29,60 22.ee ? Raw materials used in production cost $185,120. total overhead costs for the year were $213.680, the goods available for sale totalled $416.000, and the cost of goods sold totalled $359.500 Required: 1-a. Prepare a schedule of cost of goods manufactured of the company's income statement for the year. $ 185,120 35,300 CARLTON MANUFACTURING Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory beginning $ 39,000 Add: Purchases of raw materials 172,000 Raw materials available for use 211.000 Deduct: Raw materials inventory ending 25,880 Raw materials used in production Direct labour Manufacturing overhead: Maintenance, factory 41,200 Depreciation, factory equipment 60.000 Indirect materials, factory 3.700 Utilities, factory 28.800 Insurance, factory 4,700 Rent factory building 74.880 Total overhead costs Total manufacturing costs Add: Work in process inventory beginning 213.680 434,100 29,000 483.700 89.700 304,000 Deduct: Work in process inventory, ending Cost of goods manufactured 5 1-5. Prepare a schedule cost of goods sold section of the company's income statement for the year. Carlton Manufacturing Schedule of Cost of Goods Sold 2. Assume that the doliar amounts given above are for the equivalent of 17,800 units produced during the year. Compute the average cost per unit for direct materials used, and compute the average cost per unit for rent on the factory building (Round your answers to 2 decimal places.) Direct materials Rent, factory building Average cost per unit per unit 3. Assume that in the following year the company expects to produce 22,800 units. What average cost per unit and total cost would you expect to be incurred for direct materials, and for rent on the factory building Direct materials are a variable cost and rent is a fixed cost. (Round "Unit cost" answers to 2 decimal places.) Unit cost Total cost Direct materials Rent factory building Carlton Manufacturing Company provided the following details about operations in February Purchases of raw materials Maintenance, factory Direct labour Depreciation factory equipment Indirect materials, factory Selling and administrative salaries Utilities, factory Sales commissions Insurance, factory equipment Depreciation, sales equipment Advertising expenses Kent, factory building $172,000 41.200 35,380 60,00 3,70e 46,700 28,800 18,988 4,700 22,800 114,500 The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: End of Month Raw materials Work in process Finished goods Beginning of Month $ 39,000 29,60 22.ee ? Raw materials used in production cost $185,120. total overhead costs for the year were $213.680, the goods available for sale totalled $416.000, and the cost of goods sold totalled $359.500 Required: 1-a. Prepare a schedule of cost of goods manufactured of the company's income statement for the year. $ 185,120 35,300 CARLTON MANUFACTURING Schedule of Cost of Goods Manufactured Direct materials: Raw materials inventory beginning $ 39,000 Add: Purchases of raw materials 172,000 Raw materials available for use 211.000 Deduct: Raw materials inventory ending 25,880 Raw materials used in production Direct labour Manufacturing overhead: Maintenance, factory 41,200 Depreciation, factory equipment 60.000 Indirect materials, factory 3.700 Utilities, factory 28.800 Insurance, factory 4,700 Rent factory building 74.880 Total overhead costs Total manufacturing costs Add: Work in process inventory beginning 213.680 434,100 29,000 483.700 89.700 304,000 Deduct: Work in process inventory, ending Cost of goods manufactured 5 1-5. Prepare a schedule cost of goods sold section of the company's income statement for the year. Carlton Manufacturing Schedule of Cost of Goods Sold 2. Assume that the doliar amounts given above are for the equivalent of 17,800 units produced during the year. Compute the average cost per unit for direct materials used, and compute the average cost per unit for rent on the factory building (Round your answers to 2 decimal places.) Direct materials Rent, factory building Average cost per unit per unit 3. Assume that in the following year the company expects to produce 22,800 units. What average cost per unit and total cost would you expect to be incurred for direct materials, and for rent on the factory building Direct materials are a variable cost and rent is a fixed cost. (Round "Unit cost" answers to 2 decimal places.) Unit cost Total cost Direct materials Rent factory building