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

Purchases of raw materials	$	385,500
Raw materials inventory, beginning		46,800
Raw materials inventory, ending		76,500
Depreciation, factory		210,500
Insurance, factory		21,700
Direct labour		251,900
Maintenance, factory		126,800
Administrative expenses		293,600
Sales		2,208,000
Utilities, factory		116,500
Supplies, factory		4,170
Selling expenses		335,300
Indirect labour		271,900
Work in process inventory, beginning		28,850
Work in process inventory, ending		123,400
Finished goods inventory, beginning		42,550
Finished goods inventory, ending		170,200
1. Prepare a schedule of cost of goods manufactured. 2. prepare income statement 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.) 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.) 5. Assuming the company produced 24,000 fully and partially finished units during the year, determine the cost components of the finished goods inventory, which is composed of 4,800 finished units. direct material....... direct labour....... manufacturing overhead..... total..........................................