XYZ Company selected various cost and sales data for 2022 as follow : Finished goods inventories, January 01 ……………………… $ 10,000 Finished goods inventories, December 31……………………… 20,000 Depreciation, factory ………………………………………….. 13,500 Administration expenses ………………………………………. 55,000 Utilities, factory ……………………………………………….. 4,000 Maintenance, factory ………………………………………….. 20,000 Supplies, factory ………………………………………………. 5,500 Insurance, factory ……………………………………………… 2,000 Purchased of raw material ……………………………………… 62,500 Raw material inventory, January 01 …………………………… 4,500 Raw material inventory, December 31 ………………………… 3,000 Direct labor …………………………………………………….. 35,000 Indirect labor …………………………………………………… 7,500 Work in process inventory, January 01 ………………………… 5,000 Work in process inventory, December 31 ……………………… 20,000 Sales …………………………………………………………….. 275,000 Selling expenses ………………………………………………… 40,000

Required :

1. Prepare a Schedule of Cost of Finished Goods Manufactured at December 31, 2022.

2. Prepare Income Statement for year ended December 31, 2022.

3. Assume that company produced 10,000 units during year, compute Direct Material cost per units and factory Depreciation cost per unit ?