WHAT IS THE COST OF PRODUCING PER UNIT CALCULATED?

Below is financial information for Colonial Company. (The Company) for the year ended December 31, 2018 prepared inexperienced accountant Colonial Company Income Statement ar December 31, 2018 Revenues Sales revenue... Allowance for uncollectible accounts .... $298,000 800 500 2,200 1,500 303,000 Interest revenue... Dividend payable..... Gain on sale of available for sale investment Total revenues... Less: Cost of goods manufactured Gross profit .... . Operating expenses: Selling ....... Restructuring costs... General and administrative... Short-term investments.... Prepaid advertising..... Interest expense... Total operating expenses Net loss.. 228.000 74.200 42.000 3.000 34,000 5.000 800 1,400 86.200 SC12.000 Colonial Company Schedule of Cost of Goods Manufactured at December 31, 2018 Direct materials purchased. Direct manufacturing labor.. Manufacturing overhead: --- -... $98.000 --------. .. 45.000- Indirect materials.. Indirect manufacturing labor costs. $2.000 Research and development expense 7.000 Factory rent........... 5.000 Factory insurance .............. 24,000 Factory equipment........ 3.000 46.000 Accumulated depreciation..... Factory utilities ....... (9.200) 6,000 Prepaid factory insurance .... 1.000 Factory bonus payable .. (3.000) Other indirect manufacturing costs. 4000 Total manufacturing overhead... 85.800 Cost of goods manufactured.... $228.800 The accountant did not take the following items into consideration when pre a. Factory equipment was purchased on July 1, 2017 and he The company uses the double declining-balance method of depreciation b. Inventory balances for 2018 are: January 1, 2018 December 31, 2018 $6,000 $7.000 Direct materials.................. $8,000 $10,000 Work-in-process.... $25,000 $28.000 Finished goods .................. onsideration when preparing the statements above $ 92.00 Joly 1. 2017 and has a uscale of years with $2,000 salvage (residual 143 20 c. The company's tax rate is 21%