The following information pertains to the most recent quarter at Precious Production Limited.

Purchases of raw materials	$	364,500
Raw materials inventory, beginning		41,200
Raw materials inventory, ending		69,500
Depreciation, factory		175,500
Insurance, factory		20,300
Direct labour		242,100
Maintenance, factory		121,200
Administrative expenses		282,400
Sales		1,872,000
Utilities, factory		109,500
Supplies, factory		4,030
Selling expenses		322,700
Indirect labour		262,100
Work in process inventory, beginning		28,150
Work in process inventory, ending		120,600
Finished goods inventory, beginning		40,450
Finished goods inventory, ending		161,800

Required: 1. Prepare a schedule of cost of goods manufactured. 2. Prepare an income statement. 3. Assume that the company produced the equivalent of 13,000 units of product during the quarter. What was the average cost per unit for direct labour? What was the average cost per unit for factory insurance? (Round your answers to 2 decimal places.) 4. Assume that the company expects to produce 15,000 units of product during the coming quarter. What average cost per unit and what total cost would you expect the company to incur for direct materials at this level of activity? For factory insurance? (In preparing your answer, assume that direct materials is a variable cost and that factory insurance is a fixed cost.) (Round "Average cost per unit" answers to 2 decimal places.) 5. This part of the question is not part of your Connect assignment. 6. Assuming the company produced 20,000 fully and partially finished units during the quarter, determine the cost components of the finished goods inventory, which is composed of 4,000 finished units