Check my work Rooney Manufacturing Company was started on January 1, 2018, when it acquired $87,000 cash by issuing common stock. Rooney immediately purchased office furniture and manufacturing equipment costing $9,800 and $24,900, respectively The office furniture had an eight-year useful life and a zero salvage value. The manufacturing equipment had a $3,600 salvage value and an expected useful life of three years. The company paid $11,200 for salaries of administrative personnel and $15,100 for wages to production personnel. Finally, the company paid $13,220 for raw materials that were used to make inventory. All inventory was started and completed during the year. Rooney completed production on 4,600 units of product and sold 3,690 units at a price of $15 each in 2018. (Assume that all transactions are cash transactions and that product costs are computed in accordance with GAAP) 6.66 points eBook Print Required References a. Determine the total product cost and the average cost per unit of the inventory produced in 2018. (Round "Average b. Determine the amount of cost of goods sold that would appear on the 2018 income statement. (Do not round c. Determine the amount of the ending inventory balance that would appear on the December 31, 2018, balance sheet. d. Determine the amount of net income that would appear on the 2018 income statement. (Round your answer to the e. Determine the amount of retained earnings that would appear on the December 31, 2018, balance sheet. (Round your f. Determine the amount of total assets that would appear on the December 31, 2018, balance sheet. (Round your answer cost per unit" to 2 decimal places.) intermediate calculations.) (Do not round intermediate calculations.) nearest dollar amount.) answer to the nearest dollar amount.) to the nearest dollar amount.)