Raw material purchases Direct labor Indirect labor Selling and administrative salaries Building depreciation* Other selling and administrative expenses Other factory costs Sales revenue ($130 per unit) $ 176,000 255,000 108,000 133,000 80,000 195,000 343,000 1,495,000 Seventy-five percent of the company's building was devoted to percent was used for selling and administrative functions production activities; the remaining 25 Inventory data: January 1 December 31 Raw material Work in process Finished goods $ 15,9ee $18,200 62,100 97,900 35,700 112,10e The January 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respectively. 1. Calculate Lone Oak's manufacturing overhead for the year Manufacturing overhead 2. Calculate Lone Oak's cost of goods manufactured. Cost of goods manufactured 3. Compute the company's cost of goods sold. Cost of goods sold 4. Determine net income for 20x1, assuming a 30% income tax Net income 5. Determine the number of completed units manufactured during the year. Number of completed units