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

Help with Question 4 and 6 is appreciated.

Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expenses Sales Utilities, factory Supplies, factory Selling expenses Indirect labour Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $ 369,000 42,400 71,000 183,000 20,600 244,200 122,400 284,800 1,944,000 111,000 4,060 325,400 264,200 28,300 121,200 40,900 163,600 Required: 1. Prepare a schedule of cost of goods manufactured. $ 340,400 244,200 PRECIOUS PRODUCTION Schedule of Cost of Goods Manufactured For the quarter ended XXXX Direct materials: Raw materials inventory, beginning 42,400 Add: Purchases of raw materials 369,000 Raw materials available for use 411,400 Deduct: Raw materials inventory, ending 71,000 Raw materials used in production Direct labour Manufacturing overhead: Depreciation, factory 183,000 Insurance, factory 20,600 Maintenance, factory 122,400 Utilities, factory 111,000 Supplies, factory 4,060 Indirect labour 264,200 Total overhead costs Total manufacturing costs Add: Work in process inventory, beginning 705,260 1,289,860 28,300 1,318,160 121,200 $ 1,196,960 Deduct: Work in process inventory, ending Cost of goods manufactured 2. Prepare an income statement PRECIOUS PRODUCTION LIMITED Income Statement For the quarter ended XXXX Sales $ 1,944,000 $ 40,900 1,196,960 1,237,860 163,600 1,074,260 Cost of goods sold: Finished goods inventory, beginning Add: Cost of goods manufactured Goods available for sale Deduct: Finished goods inventory, ending Gross margin Selling and administrative expenses: Selling expenses Administrative expenses Operating income 869,740 325,400 284,800 610,200 259,540 3. Assume that the company produced the equivalent of 16,000 units of product during the year. 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.) Average cost 15.26 per unit Direct labour Insurance $ $ 1.29 per unit 4. Assume that the company expects to produce 18,000 units of product during the coming year. 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 depreciation is a fixed cost; also assume that depreciation is computed on a straight- line basis.) (Do not round intermediate calculations. Round "Average cost per unit" answers to 2 decimal places.) Direct materials Insurance Average cost per Total unit cost $ 15.26 X $ 274,680 X $ 1.14 $ 20,600 5. Not available in Connect 6. Assuming the company produced 23,000 fully and partially finished units during the year, determine the cost components of the finished goods inventory, which is composed of 4,600 finished units. $ 68,080 48,840 Direct materials Direct labour Manufacturing overhead Total 401,852 X $ 518,772