The following are data regarding last year$$s production of Dicer Ricer, one of the major products of Kitchen Gadget Company:

Purchases of direct materials $ $332,000$

Direct materials used $333,600$

Direct labor payrolls $($paid during the year$)176,700$

Direct labor costs assigned to production $180,000$

Manufacturing overhead $288,000$

During the year, $61,000$ units of this product were manufactured and $62,100$ units were sold. Selected information concerning inventories during the year follows:

End of Year Beginning of Year

Materials $ $?$ $ $12,800$

Work in Process $4,7003,000$

Finished Goods, January $1(3,000$ units @ $$13)?39,000$

Required:

Prepare a schedule of the cost of finished goods manufactured for the Dicer Ricer product.

Compute the average cost of a Dicer Ricer per finished unit for last year.

Compute the cost of goods sold during the year, assuming that the FIFO $($first$-$in$,$ first$-$out$)$ method of inventory costing is used.

Compute the amount of inventory relating to Dicer Ricer that will be listed in the company's balance sheet at December $31.$