TURAQHOMEWORK Turbo Company, a manutacturing firm, produces a single product. Assume all raw materials are direct materials (no indiroet materists). The following inlormation bas been laken from the oempany's production sales, and cost reconds for the lust compictid vear: solling price of the product is $25 per unit. icost for the year. The 1. Compute the cost of goods manutactured for the yoar. 2. Compute the following: a. The number of units in the finished goods inventory at the end of the yeat. b. The cost of the units in the finshed goods invontory at the end of the yoar. 3. Prepare an income statement for the year