Selected account balances for the year ended December 31 are provided below for Superior Company: Selling and administrative salaries $118, 000 Insurance, factory 8 , 000 Utilities, factory 53,000 Purchases of raw materials ? Indirect labour 68, 000 Direct labour 81, 300 Advertising expense 68 , 100 Cleaning supplies, factory 8 , 700 Sales commissions 42 , 000 Rent, factory building 126, 000 Maintenance, factory 30, 000 Inventory balances at the beginning and end of the year were as follows: Beginning of End of the Year the Year Raw materials $64 , 000 $15 , 500 Work in process 41 , 200 Finished goods 46, 500 80 , 000 The total manufacturing costs for the year were $705,000, and the cost of goods sold totalled $677,000. Required: 1.a. Prepare a schedule of cost of goods manufactured. SUPERIOR COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials Raw materials available for use Raw materials used in production $ Manufacturing overhead: MacBook Air 20 F3 F4 F5 F6 F7 FT F2 % &1.a. Prepare a schedule of cost of goods manufactured. SUPERIOR COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct materials: Raw materials available for use 0 Raw materials used in production $ 0 Manufacturing overhead: Total overhead costs Total manufacturing costs Total work in process inventory Cost of goods manufactured 1.b. Prepare the cost of goods sold section of the company's income statement for the year. SUPERIOR COMPANY MacBook Air 201.b. Prepare the cost of goods sold section of the company's income statement for the year. SUPERIOR COMPANY Income Statement (Partial) For the Year Ended December 31 Goods available for sale Cost of goods sold $ O 2. Assume that the dollar amounts given above are for the equivalent of 60.000 units produced during the year. Compute the cost per unit for direct materials used and the average cost per unit for rent on the factory building. (Round your answers to places.) Average Cost Direct materials per unit Rent on the factory building per unit 3. Assume that in the following year the company expects to produce 50,000 units. What average cost per unit and total cost woul you expect to be incurred for direct materials? For rent on the factory building? (Assume that direct materials are a variable cost and that rent is a fixed cost.) (Round your "Average Cost" answers to 2 decimal places.) Average Cost Total Cost Direct materials per unit Rent on the factory building per unit MacBook Air 44 F7 FB 20 F3 F4 F5 F6 FI F2 # 4 5 2