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I am looking for some help for question letter E please Saxton Manufacturing Company provided the following information for the year 2018: Inventories Direct Materials

I am looking for some help for question letter E please image text in transcribed
Saxton Manufacturing Company provided the following information for the year 2018: Inventories Direct Materials Work-in-Process Finished Goods 31/12/2017 31/12/2018 $84,000 $60,000 24,000 56,000 99,000 84,000 Other information: Office cleaner's wages Sales Revenue Raw materials purchased Direct labor Indirect materials Indirect labor Depreciation on factory plant & equipment Plant utilities Insurance 1 Office Utilities Depreciation on delivery truck Administrative salaries Selling expenses 5,000 1,971,000 360,000 470,000 60,000 39,000 89,000 136,000 120,000 42,000 8,000 88,000 26,000 Of the total insurance, 70% relates to manufacturing & 30% relates to general & administrative costs. Requirements: (A) What was the amount of direct materials used in production? (B) What was the amount of manufacturing overhead costs? (C) What is the prime cost and conversion cost of the product? (D) Prepare a schedule of cost of goods manufactured for the year ended December 31, 2018, clearly showing total manufacturing costs & total manufacturing costs to account for. (E) Prepare an income statement for Saxton Manufacturing for the year ended December 31, 2018, clearly showing cost of goods sold. (F) During the year, Saxton Manufacturing Company produced 2,500 units of product. What was the unit product cost

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