Unit cost; Inventory valuation; cost of goods sold The cost department of the while corporation prepared the following data and costs for the year 19-- Inventories: January 1 December 31 Finished goods.... $48,600 ? Work in process.. 81,500 $42,350 Materials. 34,200 49,300 Depreciation factory equipment.... 21,350 Interest earned..... 6,300 Finished goods inventory January 1:300 units December 31:420 units all from current years production Sold during 193,880 units at $220 per unit Materials purchased.... $364,000 Direct labor.. .. 162,500 Indirect labor.. 83,400 Freight in... 8,600 Miscellaneous factory overhead. 47,900 Purchases discount... 5,200 Required: 1) The unit cost of the finished goods inventory December 31 2) The total cost of the finished goods inventory December 31 3) The cost of goods sold 4) The gross profit total and the gross profit per unit