Sandpaper $17,000

Direct Labor 680,000

Small tools 100,000

Materials inventory, Jan 1 120,000

Materials inventory, Dec 31 86,000

Materials purchased 980,000

Machine helpers salaries 86,000

finished goods Jan 1 210,000

finished goods dec 31 400,000

sales 4,000,000

leasing costs, plant 120,000

work in process jan 1 30,00

work in process dec 31 20,000

depreciation, plant 70,000

sales commission 200,000

property taxes, plant 10,000

insurance, factory equipment 5,000

sales salaries 180,000

advertising costs 150,000

office administration costs 250,000

units completed 82,000

Determine the total amounts of money tied up in production?

a. $2,112,000

b. $2,101,000

c. $2,322,000

d. $2,132,000

Compute the Net Income (loss) assuming that its in 30% tax bracket

a. $1,454,600

b. $1,298,00

c. $1,431,000

d. $908,600

Determine the unit cost?

a. $25.76

b. $25.63

c. $23.44

d. $12.37