Consider the following information for BAM, Inc. for the year ended December 31, 2020.

Depreciation expenseAdministrative office $40,000

Depreciation expense Plant and equipment 70,000

Direct laborWages 480,000

Direct materials inventory, Dec. 31, 2020 25,000

Direct materials inventory, January 1, 2020 15,000

Direct materials purchases 160,000

Finished goods inventory, Dec. 31, 2020 15,000

Finished goods inventory, Jan 1, 2020 30,000

Accumulated depreciation 500,000

Heat, light & power Plant 50,000

Indirect labor 40,000

Property taxesPlant 40,000

Sales representatives salaries 160,000

Sales revenue 1,800,000

Accounts receivable 300,000

Supervisors salary-Plant 75,000

SuppliesAdministrative office 10,000

SuppliesPlant 25,000

Work-in-Process inventory, Dec. 31, 2020 10,000

Work-in-Process inventory, Jan1, 2020 25,000

Accounts payable 200,000

Cash 300,000

Required:

1. Determine the cost of goods manufactured and the operating income.
2. If 100,000 units were sold what is the cost of goods sold per unit?