Sales	$870,000
Purchases of raw materials	190,000
Direct labor	200,000
Administrative expenses	150,000
Selling expenses	140,000
Raw materials inventory, beginning	10,000
Raw materials inventory, ending	40,000
Work in process inventory, beginning	20,000
Work in process inventory, ending	50,000
Finished goods inventory, beginning	90,000
Finished goods inventory, ending Rent Factory Utilities factory Maintenance factory	130,000 30,000 80,000 90,000
Indirect material	30,000

Requirements: (Marks 8+2=10)

1. Prepare a Schedule of Cost of Goods Manufactured and using data from your answers above as needed, prepare an Income Statement.
2. If the production is 40,000 units during just completed year, then find out per unit product cost for direct material used and rent factory.