cost and sales information for the most recent fiscal year are shown below:

WALLACE RIVER COMPANY
Cost and Sales Information
For the Year Ended December 31
Purchases of raw materials	$	100,000
Raw materials inventory, beginning		20,000
Raw materials inventory, ending		27,000
Depreciation, factory		48,000
Insurance, factory		5,000
Direct labour		70,000
Maintenance, factory		30,000
Administrative expense		74,000
Sales		550,000
Utilities, factory		27,000
Supplies, factory		1,000
Selling expense		84,000
Advertising expense		24,000
Indirect labour, factory		65,000
Work in process inventory, beginning		7,000
Work in process inventory, ending		30,000
Finished goods inventory, beginning		10,000
Finished goods inventory, ending		40,000

Required:

1. Prepare a schedule of cost of goods manufactured.

2. Prepare an income statement.

3. Assume that the company produced 10,000 units of product during the year. What was the average cost per unit for direct materials? What was the average cost per unit for factory depreciation? (Round your answers to 2 decimal places.)