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The accounting department of Lancer corporation made the following data available for the year 1997: January 1 December 31 Raw Materials 34,200 49,300 Work-in-process 81,500 42,350 Finished Goods 48,600 ? Depreciation - factory 21, 350 equipment Depreciation - office 11,500 equipment Raw material purchased 364,000 Interest earned 6,300 Direct Labor 162,500 Sales Discount 36,400 Indirect Labor 83,400 Freight-in 8,600 Administrative expenses 21,490 Miscellaneous overhead 47,900 Finished goods inventory: January 1: 300 units December 31: 420 units All from the current year's production. Sold during 1997: 3,880 units at $220 per unit. The company uses FIFO method in costing its inventory. 1. What is the cost of direct materials used? 2. What is the total factory overhead costs? 3. What is the total cost of goods manufactured? 4. What is the total cost of goods sold? 5. Determine the unit cost of finished goods inventory on December 31, 1997. 6. How many units were manufactured in the year 1997? 7. What is the company's net income before tax for 1997