The following data (in thousands of dollars) have been taken from the accounting records of L Company for the just completed year (2013). Sales. $870 Purchases of raw materials $190 Direct labor.. $200 Manufacturing overhead.. Administrative expenses.. Selling expenses. Raw materials inventory, beginning.. Raw materials inventory, ending. Work in process inventory, beginning.. Work in process inventory, ending. Finished goods inventory, beginning. Finished goods inventory, ending. $230 $150 $140 $10 $40 $20 $50 $90 $130 Required: i) Prepare a Schedule of Cost of Goods Sold. ii) Using data from your answers above as needed, prepare an Income Statement in good form iii) Suppose the company has produced 7,000 units in 2013 and find a. Unit cost of direct labour b. per unit manufacturing overhead. iv) If the company produce 9,000 units in 2014 a. What will be the unit cost of direct materials and total direct material cost? b. What will be the unit cost of manufacturing overhead and total manufacturing overhead? v. Identify the reasons of differences in unit cost in iii & iv above.