Stuart Manufacturing Company was started on January $1,$ Year $1,$ when it acquired $$83,000$ cash by issuing common stock. Stuart

immediately purchased office furniture and manufacturing equipment costing $$7,700$ and $$26,400,$ respectively. The office furniture

had an eight$-$year useful life and a zero salvage value. The manufacturing equipment had a $$3,000$ salvage value and an expected

useful life of three years. The company paid $$11,700$ for salaries of administrative personnel and $$15,100$ for wages to production

personnel. Finally, the company paid $$17,280$ for raw materials that were used to make inventory. All inventory was started and

completed during the year. Stuart completed production on $4,900$ units of product and sold $3,980$ units at a price of $$16$ each in Year $1.$

$($Assume that all transactions are cash transactions and that product costs are computed in accordance with GAAP.$)$

Required

a$.$ Determine the total product cost and the average cost per unit of the inventory produced in Year $1.$

Note: Round "Average cost per unit" to $2$ decimal places.

b$.$ Determine the amount of cost of goods sold that would appear on the Year $1$ income statement.

Note: Do not round intermediate calculations.

c$.$ Determine the amount of the ending inventory balance that would appear on the December $31,$ Year $1,$ balance sheet.

Note: Do not round intermediate calculations.

d$.$ Determine the amount of net income that would appear on the Year $1$ income statement.

Note: Do not round intermediate calculations.

e$.$ Determine the amount of retained earnings that would appear on the December $31,$ Year $1,$ balance sheet.

Note: Do not round intermediate calculations.

f$.$ Determine the amount of total assets that would appear on the December $31,$ Year $1,$ balance sheet.

Note: Do not round intermediate calculations.