Various cost and sales data for Meriwell Company for the just-completed year follow:

Prepare a schedule of cost of goods manufactured.

Prepare an income statement.

Assume that the company produced the equivalent of 10,000 units of product during the year just completed. What was the average cost per unit for direct materials and factory depreciation? (Round your answers 2 to decimal places.)

Assume that the company expects to produce 15,000 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 2 to decimal places.)

$ 20,000 40,000 27,000 110,000 8,000 40,000 11,000 4,000 125,000 9,000 6,000 70,000 15,000 17,000 30,000 500,000 80,000 Finished goods inventory, beginning Finished goods inventory, ending Depreciation, factory Administrative expenses Utilities, factory Maintenance, factory Supplies, factory Insurance, factory Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Direct labour Indirect labour Work-in-process inventory, beginning Work-in-process inventory, ending Sales Selling expenses 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 C Manufacturing overhead: Total overhead costs C Total manufacturing costs C C C Cost of goods manufactured MERIWELL COMPANY Income Statement For the Year Just Completed Cost of goods sold: Goods available for sale 0 Less operating expenses: C Average Cost Total Cost Direct materials Factory depreciation per unit per unit