Exercise 16.5 (Algo) Preparing a Schedule of the Cost of Finished Goods Manufactured (LO16-6) The accounting records of NuTronics, Inc., include the following information for the year ended December 31. Dec. 31 Inventory of materials $ 24,000 Jan. 1 $20,000 Inventory of work in process 8,000 Inventory of finished goods 90,000 12,000 80,000 Direct materials used 210,000 Direct labor 140,000 Selling expenses 170,000 General and administrative expenses 140,000 ces Overhead assigned to production was $192,000. a. Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) b. Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per-unit cost of manufacturing this product? Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule of the cost of finished goods manufactured. (Not all of the data given above are used in this schedule.) Nutronics, Inc. Schedule of the Cost of Finished Goods Manufactured Work in process, January 1 For the Year Ended December 31 Manufacturing costs assigned to production: $ 12,000