The following was taken from the ledger accounts of Laurention Company for last year ending on December 31, 2020. They produced 10,000 units. Selling expenses $120,000 Raw materials inventory, Jan.1 150,000 Raw materials inventory, Dec.31 60,000 Electricity, factory 36,000 Direct labour cost 190,000 Depreciation, factory equipment 62,000 Purchases of raw materials 550,000 Sales 2,005,000 Insurance, factory 40,000 Administrative expenses 270,000 Indirect labour 300,000 Maintenance, (70% factory) 67,000 Finished goods inventory, Jan.1 260,000 Finished goods inventory, Dec.31 210,000 Work in process inventory, Jan.1 180,000 Work in process inventory, Dec.31 80,000 Required: Answer the following questions for the Cost of Good Manufactured schedule for year ending December 31, 2020: (2 marks each-show calculations and accounts included for full marks). 1. What would be the total manufacturing overhead? 2. What is the $ value of the direct materials used? 3. What would be the total manufacturing costs? 4. What would be the Cost of goods manufactured? 5. What would be the cost per unit of the product manufactured this year