Cook Co. reports the following information for 2015 $10,000 Direct labor 100,000 Materials inventory, Jan 1 120,000 7,000 Materials inventory, Dec 31 86,000 $680,000 Sandpaper Small tools Coolants &lubricants 7 Machine helpers' salaries 86,000 Materials purchased Finished goods, Jan 1 Finished goods, Dec 31 400,000 Work-in-process, Jan 1 Leasing costs, plant Depreciation, plant Property taxes, equipment 10,000 Insurance, factory equipment 5,000 Sales salaries Office administration costs 250,000 Units completed 980,000 4,000,000 30,000 20,000 200,000 10,000 Sales 120,000 Work-in-process, Dec 31 70,000 Sales Commissions 180,000 Advertising costs 150,000 82,000 Determine the following for Cook Co. for 2016: (1/2 point each 1. 2. 3. 4. 5. 6. 7. 8. Cost of DMused Total Manufacturing Cost Cost of Goods Manufactured Cost of Goods Sold Gross Margin Operating Expenses Net Income (Loss) (assuming a 30% tax bracket) Unit Cost