Prime Cost, Conversion Cost, Preparation of Income Statement: Manufacturing Firm Kildeer Company makes easels for artists. During the last calendar year, a total of 25,000 casels were made, and 26,000 were sold for $52 rach. The actual unit cost is as follows: 514.00 Direct matenals Direct labor 4.00 Variable overhead 6.00 Fixed overhead 15.00 Total unit cost $39.00 The selling expenses consisted of a commission of $0.90 per unit sold and advertising co-payments totaling 593,500, Administrative expenses, all foed, equaled 5179,500. There were no beginning and ending work-in-process inventones Beginning finished goods inventory was $109,200 for 2,800 cases Required: 1. Calculate the number and the dollar value of easels in ending finished goods inventory Ending units Dollar amount 2. Prepare a cost of goods sold statement Kildeer Company Statement of Cost of Goods Sold For the Year Ended December 31