Problem 1-A The following sales and cost data has for the year ended December 31, 2017: been accumulated for the Downey Company Inventories Raw materials Work in process Finished goods Ending 9,000 32,000 17,000 Beginning 12,000 $ 30,000 21,000 Sales commissions $40,000 16,000 5,000 60,000 4,000 32,000 3,000 12,000 6,000 80,000 8,000 9,000 400,000 Utilities, factory Depreciation, office equipment Purchases of raw materials Insurance, office building Advertising expense Indirect labor Rent, factory Utilities, office Direct labor Rent, office Depreciation, factory equipment Sales Required 1) Prepare a schedule of cost of goods manufactured in good form. pte 2) Prepare an income statement. pravife 3) Assume that the company produced the equivalent of 10,000 units of product during the year just completed. What was the unit cost for direct materials? What was the unit cost for rent, factory? 4) Assume that the company expects to produce 20,000 units of product during the next year. For direct materials and rent, factory, what would be the per unit cost and what would be the total cost? 1o,000 in Hs