Prepare a schedule of cost of goods manufactured. 2 Prepare a profit and loss account. Assume that the company produced the equivalent of 10,000 units of product during the year just com- Pleted. What was the unit cost for direct materials? What was the unit cost for factory depreciation? asstime that the company expects to produce 15,000 units of product during the coming year. What per unit cost and what total cost would you expect the company to incur for direct materials at this level of activity? For factory depreciation? (In preparing your answer, assume that direct materials is a variable "ost and that depreciation is a fixed cost; also assume that depreciation is computed on a straight-line Basis.Various cost and sales data for Merlwell Company for the just completed year follow: Finished goods stock, beginning E20,000 Finished goods stock, ending 40,000 Depreciation, factory 27,000 Administrative expenses 110,000 Utilities, factory 8,000 Maintenance, factory 40.000 Supplies, factory 11,000 Insurance, factory 4,000 Purchases of raw materials 125,000 Raw materials stock, beginning 9,000 Raw materials stock, ending 6,000 Direct labour 70,000 Indirect labour 15,000 Work in progress stock, beginning 17,000 Work in progress stock, ending 30,000 Sales 500,000 Selling expenses 80,000