Listed below are account balances from Brown Limited for the year ended Decembe 31, 2020: Sales Purchases of raw materials Labour Utilities Indirect materials Maintenance Supervision Factory Other administrative expenses Selling expenses Inventory balances were as follows: Raw materials inventory, beginning Raw materials inventory, ending Work-in-process inventory, beginning Work-in-process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $2,125,000 $525,000 $600,000 $120,000 $ 28,000 $140,000 $75,000 $175,000 $240,000 $ 48,000 $ 53,000 $140,000 $ 90,000 $196,000 $183,000 Additional Information: 1. The labour is 70% direct, 2% indirect with the remainder being administrative. 2. Utilities and maintenance are 75% related to the factory. Required: 1. Prepare a schedule of cost of goods manufactured. 2. Assuming 26,000 units of finished goods were completed in the year, what is average product cost of each?