Deadwood Company is a metal- and wood-cutting manufacturer, selling products to the home construction market. Consider the following date for 2007:

Sandpaper 2,000

Materials-handling costs 70,000

Lubricants and coolants 5,000

Miscellaneous indirect manufacturing labor 50,000

Direct manufacturing labor 400,000

Direct materials inventory, Jan. 1, 2007 40,000

Direct materials inventory, Dec. 31, 2007 50,000

Finished goods inventory, Jan. 1, 2007 120,000

Finished goods inventory, Dec. 31, 2007 180,000

Work in process inventory, Jan 1, 2007 50,000

Work in process inventory, Dec. 31, 2007 90,000

Plant-leasing cost 54,000

Depreciation -- plant equipment 37,000

Property taxes on plant equipment 4,000

Fire insurance on plant and equipment 3,500

Direct materials purchased 460,000

Revenues 1,520,000

Marketing promotions 60,000

Marketing salaries 100,000

Distribution costs 70,000

Customer-service costs 100,000

1 How much is the manufacturing cost/ product cost?

2 How much is the company's cost of goods manufactured?

3 How much is the company's cost of goods placed in process?

4 How much is the company's cost of goods available for sale?

5 How much is the company's cost of goods sold?

6 How much is Deadwood's operating income for 2007?

7 Suppose that the direct material cost is for the production of 600,000 units.

What is the direct material cost of each unit produced?

8 Suppose that the plant-leasing cost is for the production of 600,000 units, what is the plant-leasing cost of each unit produced?