Issa Manufacturing Company was started on January 1, 2014, when it acquired $83,000 cash by issuing common stock. Issa immediately purchased office furniture and manufacturing equipment costing $9,000 and $26,100, respectively. The office furniture had a seven-year useful life and a zero salvage value. The manufacturing equipment had a $3,900 salvage value and an expected useful life of three years. The company paid $11,100 for salaries of administrative personnel and $15,300 for wages to production personnel. Finally, the company paid $12,080 for raw materials that were used to make inventory. All inventory was started and completed during the year. Issa completed production on 4,700 units of product and sold 3,720 units at a price of $14 each in 2014. (Assume that all transactions are cash transactions.) Required a. Determine the total product cost and the average cost per unit of the inventory produced in 2014. (Round "Average cost per unit" answer to 2 decimal places.) Total product cost Average cost per unit b. Determine the amount of cost of goods sold that would appear on the 2014 income statement. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Cost of goods sold