Given Data for Lab 1 Northwest Pianos, Inc., purchases pianos from a well-known manufacturer and resells them at its Needed information for this lab assignment is given below. NORTHWEST PIANOS, INC. Average sales price of each piano $ 4,100 Number of pianos sold and delivered in March 40 Costs Cost Formula Average cost of each piano (cost of goods sold) $ 2,600 per piano Selling: Advertising Delivery of pianos Sales salaries and commissions Utilities Merge & Center Depreciation of sales facilities Administrative: Executive salaries Depreciation of office equipment Clerical Insurance 1,000 per month $ 80 per piano sold $ 5,000 per month plus $ 650 per month $ 5,000 per month 5% of sales dollars $ 13,500 per month $ 900 per month $ 2,500 per month plus $25 per piano sold 700 per month $