The following information pertains to the most recent quarter at Precious Production Limited. Required: 1. Prepare a schedule of cost of goods manufactured. 1. Prepare a schedule of cost of goods manufactured. 2. Prepare an income statement. 3. Assume that the company produced the equivalent of 18.000 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 ploces.) 4. Assume that the company expects to produce 20.000 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 materlals at this level of activity? For factory insurance? (in preparing your answer, assume that direct materials is a vatiable cost and that factory insurance is a fixed cost) (Round "Averoge cost per unit" answars to 2 decimal places.) 5. This part of the questlon is not part of your Connect assignrient. 6. Assuming the company produced 25,000 fully and partlally fintshed units duting the quartef, dotermine the cast components of the finished goods inventory, which is composed of 5.000 finished units