Question The following information pertains to the most recent quarter at Widgets Production Limited. Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory 372,000 43,200 72,000 188,000 20,800 245,600 123,200 Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses 286,400 1,992,000 112,000 4,080 Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 327,200 265,600 28,400 121,600 41,200 164,800 A. Prepare a schedule of cost of goods manufactured B. Prepare an income statement. C. Assume that the company produced the equivalent of 18,000 units of product during the quarter. What was the average cost per unit for direct labour? What was the average cost per unit for factory insurance? D. Assume that the company expects to produce 20,000 units of product during the coming quarter. 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 factory insurance is a fixed cost.)