Please help answer question #3, #4 & #6

The following information pertains to the most recent quarter at Precious Production Limited. Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending 366,000 41,600 70,000 178,000 20,400 242,800 121,600 283,200 1,896,000 110,000 4,040 Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses 323,600 262,800 28,200 120,800 40,600 162,400 Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 1. Prepare a schedule of cost of goods manufactured. PRECIOUS PRODUCTION Schedule of Cost of Goods Manufactured For the quarter ended xxxx Direct materials: 41,600 Raw materials inventory, beginning Add: Purchases of raw materials 366,000 Raw materials available for use 407,600 Deduct: Raw materials inventory, ending 70,000 Raw materials used in production 337,600 Direct labour Manufacturing overhead: 242,800 178,000 Depreciation, factory 262,800 Indirect labour 20,400 Insurance, factory Maintenance, factory 121,600 Supplies, factory 4,040 110,000 Utilities, factory Total overhead costs Total manufacturing costs Add: Work in process inventory, beginning 696,840 1,277,240 28,200 1,305,440 Deduct: Work in process inventory, ending 120,800 $ 1,184,640 Cost of goods manufactured 2. Prepare an income statement. PRECIOUS PRODUCTION LIMITED Income Statement For the quarter ended xxxx Sales $ 1,896,000 Cost of goods sold: Finished goods inventory, beginning 40,600 Add: Cost of goods manufactured 1,184,640 Goods available for sale 1,225,240 1,062,840 Deduct: Finished goods inventory, ending 162,400 Gross margin 833,160 Selling and administrative expenses: Administrative expenses 283,200 Selling expenses 323,600 606,800 Operating income 226,360 3. Assume that the company produced the equivalent of 14,000 units of product during the year. What was the average cost per unit for direct labour? What was the average cost per unit for factory insurance? (Round your answers to 2 decimal places.) Average cost Direct labour per unit Insurance per unit 4. Assume that the company expects to produce 16,000 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 at this level of activity? For factory insurance? (In preparing your answer, assume that direct materials is a variable cost and that insurance is a fixed cost; also assume that insurance is computed on a straight-line basis.) (Do not round intermediate calculations. Round "Average cost per unit" answers to 2 decimal places.) Average cost per unit Total cost Direct materials Insurance 6. Assuming the company produced 21,000 fully and partially finished units during the year, determine the cost components of the finished goods inventory, which is composed of 4,200 finished units. Direct materials Direct labour Manufacturing overhead Total