Requirement $2.$ Show how to compute cost of goods manufactured. Use the following amounts: direct materials used, $$18,000$; direct labor, $$11,000$; manufacturing overhead, $$14,000$; beginning Work$-$in$-$Process Inventory, $$40,200$; and ending Work$-$in$-$Process Inventory, $$9,000.$

Cost of Goods Manufactured

Requirement $3.$ Using the results from Requirement $2,$ calculate the cost per unit for goods manufactured assuming $1,400$ units were manufactured. calculate cost of goods sold assuming FIFO inventory costing is used.