Zachary Manufacturing Cocnpary was started on Jarvary t, year 1, when it acquied $83,000 cash by issuing comn:an stock, Zachary Immediziely purchased office furnisure and manufacturing equpment costing $8,400 and $27,400, respectively. The office fumiture. had an elght-year useful ife and a zero saivage value. The manufacturing equipment had a $4,000 salvage value and an expected usefut ife of three years. The company paid $11,600 for salaries of administrative personnel and $15,800 for wages to production persomel. Finsliy, the company pad \$B,950 for raw materisls that wete used to make imentory. All imventory was sterted and completed during the yeac. Zachary completed productien on 4.400 units of product and sold 3,410 units at a price of $15 each in year 1. (Assume that ar transections are cash transections and that product costs are compided in accordance with GAAP) Required a. Determine the total prodjct cost and the average cost per unit of the inventory produced in year 1. Note: Aound "Average cost per unit" to 2 decimal places. b. Determine the amount of cost of goods sold that would appear on the vear 1 incone statement Note: Do not round intermediate calculations. c. Determine the amount of the ending imvestory balance that would appsar on the December 31 , yoar 1 , balance sheet. Notet Do not round intermediate calculations. d. Oefermine the amount of net incorno that would appear on the year 1 income statement. Note: Do not round intermediate calculations. e. Oetermine the arrount of retained eamings that would appoar on the December 31, war 1, balance sheet. Nete: Do not round intermediate calculations; 1. Determine the amount of totisl assets that woild appear on the Decemoer 31, year 1, balance sheet. Note; Do not round intermediate salculations