Mustafa Manufacturing Company began operations on January 1. During the year, it started and completed 3,000 units of product. The financial statements are prepared in accordance with GAAP. The company incurred the following costs: 1. Raw materials purchased and used- $6,200. 2. Wages of production workers $7,400. 3. Salaries of administrative and sales personnel- $3,000. 4. Depreciation on manufacturing equipment- $4,400. 5. Depreciation on administrative equipment- $2,200. Mustafa sold 2,400 units of product. Required a. Determine the total product cost for the year. b. Determine the total cost of the ending inventory. c. Determine the total of cost of goods sold. Required Identify each of the items shown in the left column of the following table as being an upstream, a midstream, or a downstream cost. The first item is shown as an example. Becky Shelton, a teacher at Kemp Middle School, is in charge of ordering the T-shirts to be sold for the school's annual fund-raising project. The T-shirts are printed with a special Kemp School logo. In some years, the supply of T-shirts has been insufficient to satisfy the number of sales orders. In other years, T-shirts have been left over. Excess T-shirts are normally donated to some charitable organization. T-shirts cost the school $5 each and are normally sold for $12 each. Ms. Shelton has decided to order 700 shirts. Required a. If the school receives actual sales orders for 600 shirts, what amount of profit will the school earn? What is the cost of waste due to excess inventory? b. If the school receives actual sales orders for 800 shirts, what amount of profit will the school earn? What amount of opportunity cost will the school incur