Various cost and sales data for Meriwell Company for the just completed year appear in the worksheet below: Finished goods Inventory, beginning Finished goods Inventory, ending Administrative expenses Manufacturing overhead Purchases of raw materials Raw materials Inventory, beginning Raw materials inventory, ending Direct labor Work in process inventory, beginning Work in process inventory, ending Sales Selling expenses $21,400 $40,100 $109,600 $103,300 $126,900 $9,090 $5,930 $72,000 $16,000 $31,800 $512,000 $79,800 Of the $103,300 of manufacturing overhead, $13,400 Is variable and $89,900 is fixed. Requirement 1: Prepare a schedule of cost of goods manufactured. (Input all amounts as positive sign in your response.) SA the ne O ES Meriwell Company Schedule of Cost of Goods Manufactured Direct materials: (Click to select) (Click to select) : (Click to select) (Click to select) (Click to select) : (Click to select) Raw materials used in production (Click to select) (Click to select) Total manufacturing costs (Click to select) : (Click to select) . (Click to select) . (Click to select) Cost of goods manufactured Requirement 2: Prepare an income statement. (Input all amounts as positive values. Omit the "S" sign in your response.) Meriwell Company Income Statement (Click to select) Cost of goods sold: (Click to select) (Click to select) (Click to select) (Click to select) : (Click to select) : (Click to select) Gross margin Selling and administrative Expenses: (Click to select) (Click to select) Net operating income Requirement 3: Assume that the company produced the equivalent of 10,800 units of product during the year just completed. What was the average cost per unit for direct materials? What was the average cost per unit for fixed manufacturing overhead? (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Direct materials Fixed manufacturing overhead Average Cost per unit per unit Requirement 4: Assume that the company expects to produce 15,800 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 fixed manufacturing overhead? Assume that direct materials is a variable cost. (Round your "Average cost" to 2 decimal places. Round your answers to the nearest dollar amount. Omit the "$" sign in your response.) Total Cost Direct materials Fixed manufacturing overhead Average Cost per unit per unit