This information pertains to all the following questions on this page. All these questions on this page are worth 2 points. Based on the following information, complete the required calculations listed below: Factory utilities: $ 15,000 Direct labor: $ 75,000 Depreciation on factory equipment: $13,000 Sales salaries: $ 45,000 Depreciation on delivery trucks: $5,000 Property taxes on factory building: $ 4,000 Indirect factory labor: $ 50,000 Repairs to office equipment: $ 2,000 Indirect materials: $ 80,000 Sales revenue: $ 350,000 Direct materials used: $140,000 Advertising: $ 16,000 Factory manager's salary: $ 8,000 Office supplies used: $ 3,000 Assume the number of units produced was 10,000 units and the number of units sold was 7,000 units. Calculations for you to make: 1. Calculate total product/manufacturing costs. 2. Calculate total manufacturing overhead. 3. Calculate unit product cost. 4. Calculate cost of goods sold. 5. Calculate gross profit. 6. Calculate net income. 7. Calculate the amount of inventory to be reported on the balance sheet. NOTE: if you miss one of these, it will likely result in missing most, perhaps even all, of the others. Doublecheck your work carefully. For guidance/help with these questions, the car exercise in the video is helpful. Also, learning objective 2 in the textbook is helpful for the first two calculations. Lastly, the chapter 11 handout has a very similar guided exercise example that NOTE: if you miss one of these, it will likely result in missing most, perhaps even all, of the others. Doublecheck your work carefully. For guidance/help with these questions, the car exercise in the video is helpful. Also, learning objective 2 in the textbook is helpful for the first two calculations. Lastly, the chapter 11 handout has a very similar guided exercise example that should be VERY helpful. How much is cost of goods sold? Enter only numbers (no dollar signs or commas). Answer: How much are total product/manufacturing costs? Enter only numbers (no dollar signs or commas). How much is gross profit? Enter only numbers (no dollar signs or commas). Answer: Answer: How much are total manufacturing overhead costs? Enter only numbers (no dollar signs or commas). Answer: How much is net income? Enter only numbers (no dollar signs or commas). Answer: How much is the unit product cost? Enter only numbers (no dollar signs or commas). Answer: What is the amount of inventory to be reported on the balance sheet? Enter only numbers (no dollar signs or commas). Answer: