Gopaul Electronics designs and manufactures specialized switches for the telecommunications industry. The accounting records of the business reflect the following data at December $31,2023$:

Inventory $1/1/202331/12/2023$

Raw Materials $$260,000$ $$230,000$

Work In Progress $$333,800$ $$218,800$

Finished Goods $$1,075,200$ $$615,000$

Other information:

Sales Revenue $$5,765,000$

Factory supplies $45,000$

Direct Factory Labor $735,000$

Special Design Cost $15,000$

Raw Materials Purchased $540,000$

Plant janitorial service $52,000$

Depreciation: Plant & Equipment $165,000$

Plant Utilities $385,000$

Plant supervisor$$s salary $480,000$

Property Taxes $300,000$

R & D for Graphic Designs $70,500$

Office Utilities $165,000$

Insurance on Plant & Equipment $120,000$

Delivery truck driver$$s wages $125,000$

Depreciation: Delivery truck $52,000$

Administrative Wages & Salaries $850,150$

Sales Commission $97,650$

$1$ The property taxes should be shared: $60\%$ manufacturing & $40\%$ general & administrative costs.

Required:

a$)$ Calculate the raw material used by Gopaul Electronics.

b$)$ What is the total factory overhead cost incurred by Gopaul Electronics during the period?

c$)$ Determine the prime cost & conversion cost of the product manufactured.

d$)$ Calculate the cost of goods manufactured for the year by Gopaul Electronics

e$)$ Prepare an income statement for Gopaul Electronics for the year ended December $31,2023,$ clearly showing the calculation of Cost of Goods Sold. List the non$-$production overheads in order of size starting with the largest.

f$)$ What is the selling price per switch if Gopaul Electronics manufactured $1,500$ switches for the period under review and uses a mark$-$up of $33(1)/(3)\%$ on cost$?$