Question: The following data were taken from the cost records of the Bolly Company, for production of 100,000 units of finished goods, in the month of January 2022 : Depreciation, factory equipment. $ 30,000 Depreciation, office equipment. 7,000 Supplies, factory........ 1,500 Maintenance, factory equipment.. 20,000 Utilities, factory 8,000 Salesmen's salary & commissions 30,000 Indirect labor. 54,500 Rent, factory building 70,000 Direct labor cost. 80,000 Advertising expense.. 90,000 Direct materials inventories as at 1 January 2022: 23,000 Purchases and freight-in of direct materials 125,000 Direct materials inventories as at 31 January 2022: 25,000 Work-in-process as at 1 January 2022: Work-in-process as at 31 January 2022 33,000 34,000 Required: (1) Calculate the cost of goods sold, for each unit. (2) Prepare the Income Statement for the month of January 2022, if the selling price for each unit is $6.10. (3) Prepare the extracts of Current Assets in the Balance Sheet as at 31 January 2022