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Selected account balances for the year ended December 31 are provided below for BFun Company: Sales revenue. $1,000,000 Selling and administrative salaries ..$110,000 Purchases of raw materials $290,000 Direct labor ..... ..........? Advertising expense. ..$80,000 Manufacturing overhead ..$270,000 Sales Commissions $50,000 Inventory balances at the beginning and end of the year were as follows: Raw materials Work in process Finished goods Beginning of the Year $40,000 ? $50,000 End of the Year $10,000 $35,000 ? The total manufacturing costs for the year were $683,000; the goods available for sale totaled $740,000; and the cost of goods sold totaled $660,000. Required: 1. Calculate the following: a. Direct material used in production b. Direct labor added to production C. Ending finished goods inventory d. Cost of goods manufactured e. Beginning work in process inventory 2. Use the information above to complete a traditional income statement. Show gross margin/profit and net operating income. The company would like to use the financial and management information above to forecast revenues and expenses for different levels of sales volume. In order to perform the analysis below, assume that the number of units sold is equal to the number of units produced. In other words, there are no units in process or finished goods inventory. 3. Assume that the dollar amounts given above are for the equivalent of 40,000 units produced and sold during the year. Calculate the following: a. Average material cost per unit b. Average labor cost per unit C. Average manufacturing overhead per unit d. Average total cost per unit