Use the following information for a manufacturer to compute cost of good manufactured, cost of goods sold and the average cost of goods manufactured during the current period.

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BalancesBeginningEnding

DirectMaterial$?$ 26,000

Work inProcess-Inventory?35,000

Finished Goods -Inventory25,00026,000

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Other Information___________________________________________________________________

Direct materials purchased during theyear$80,000

Direct materials available for use afterpurchases110,000

Total manufacturing cost to accountfor192,000

Direct labor cost incurred during theyear40,000

Factory utilityexpense3,000

Non-factory office supplies expense1,500

Indirect factorymaterials6,000

Indirectlabor1,000

Depreciation on officeequipment2,000

Note: Items manufactured during the current year 2,000.

Question:Determine the average cost of each item manufactured during the year.