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4. Selected account balances for the year ended December 31 are provided below for Superior Company Inventory balances at the beginning and end of the year were as follows: The total manufacturing costs for the year were $753,000, and the cost of goods soid totalled $740.000 Required: 1.a. Prepare a schedule of cost of goods manufactured 1.b. Prepare the cost of goods sold section of the compary's income statement for the year. 2. As sume that the dollar amounts given above are for the equivalent of 50.000 units produced during the year. Compute the average cost per unit for direct matenals used and the average cost per unit for rent on the factory building. (Round your answers to 2 deoimal places.) 3. Assume that in the following year the company expects to produce 40,000 1.a. Prepare a schedule of cost of goods manufactured. 1.b. Prepare the cost of goods sold section of the company's income statement for the year. 2. Assume that the dollar amounts given above are for the equivalent of 50,000 units produced during the year. Compute the average cost per unit for direct matenals used and the average cost per unit for rent on the factory building. (Round your answers to 2 decimal places.) 3. Assume that in the following year the company expects to produce 40,000 . units. What average cost per unit and total cost would you expect to be incurred for direct materials? For rent on the factory building? (Assume that direct materials are a variable cost and that rent is a fixed cost) (Round your "Average Cost" answers to 2 decimal places.) The only selling expenses were a commission of $2 per unit sold and adverising amounting to $350,000. Administrative expenses, all fixed, equalled $270,000. There were so beginning and ending work-in-process inventories