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Please answer everything. thank you Cost and sales information for the most recent fiscal year are shown below: WALLACE RIVER COMPANY Cost and Sales Information

Please answer everything. thank you
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Cost and sales information for the most recent fiscal year are shown below: WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials $ 90,500 Raw materials inventory, beginning 10,500 Raw materials inventory, ending 17,500 Depreciation, factory 42,300 Insurance, factory 5,000 Direct labour 60,500 Maintenance, factory 30,000 Administrative expense 70,200 Sales 455,000 Utilities, factory 27,000 Supplies, factory 1,000 Selling expense 80,200 Advertising expense 20,200 Indirect labour, factory 65,000 Work in process inventory, beginning 7,000 Work in process inventory, ending 30,000 Finished goods inventory, beginning 10,000 Finished goods inventory, ending 40,000 Required: 1. Prepare a schedule of cost of goods manufactured. WALLACE RIVER COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: Manufacturing overhead: Total overhead costs Total manufacturing costs Cost of goods manufactured 2. Prepare an income statement WALLACE RIVER COMPANY Income Statement For the Year Ended December 31 Cost of goods sold: Selling and administrative expenses: 3. Assume that the company produced 10,000 units of product during the year. What was the average cost per unit for direct materials? What was the average cost per unit for factory depreciation? (Round your answers to 2 decimal places.) Cost Per Unit Direct materials Factory depreciation 4. Assume that the company expects to produce and sell 15,000 units of product during the coming year. What average cost per unit and what total cost would you expect the company to incur for direct materials and for factory depreciation at this level of activity? Assume that raw materials costs charged by suppliers will not change next year. For factory depreciation, assume that the company uses straight-line depreciation and that the factory equipment has five years of useful life remaining (Round your answers to 2 decimal places.) Cost Per Unit Total Cost Direct materials Factory depreciation

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