Various cost and sales data for Meriwell Company for the just completed year, during which it produced 10,000 units, follow: Finished goods inventory, beginning Finished goods inventory. ending Depreciation, factory Adecinistrative expenses Utilities, factory Maintenance, factory Supplies, factory Insurance, factory Purchases of raw materials saterials inventory, beginning w sterials inventory, ending Direct labour Indirect labour Work-in-process inventory, beginning work-in-process inventory, ending Sales Selling expenses $ 30,000 60,000 24,000 100,000 12,000 70,000 13,000 4,600 135,000 16,000 7,000 80,000 13,500 17,000 29,000 550,000 79,000 Required: 1. Prepare a schedule of cost of goods manufactured. MERIWELL COMPANY Schedule of Cost of Goods Manufactured For the Year Just Completed Dired materials miten we n Required: 1. Prepare a schedule of cost of goods manufactured. MERIWELL COMPANY Schedule of Cost of Goods Manufactured For the Year Just Completed Direct materials Raw materials available for use 0 Raw materials used in production $ 0 Manufacturing overhead Total overhead costs Total manufacturing costs 0 0 Total work in process inventory 0 2. Prepare an income statement. MERIWELL COMPANY Income Statement For the Year Just Completed Cost of goods sold Goods available for sale 0 0 Less operating expenses: 0 3. What was the average cost per unit for direct materials and factory depreciation? (Round your answers to 2 decimal places.) Direct materials Factory depreciation Average Cont por unit per unit 4-9. Assume that the company expects to produce 20.000 units of product during the coming year. What average cost per unit and what total cost would you expect the company to incur for direct materials at this level of activity? For factory depreciation? (In preparing your answer, assume that direct materials are a variable cost and that depreciation is a fixed cost also, assume that depreciation is computed on a straight-line basis.) (Round your "Average Cost" answers to 2 decimal places.) Total Cost Direct materials Factory depreciation Average Cost per unit per unit 4-6. Would you expect the average production cost per unit to increase, decrease of stay the same as in the just completed year? Increase O Decrease O Remain unchanged