Zachary Manufacturing Company was started on January $1,$ Year $1,$ when it acquired $$79,000$ cash by issuing common stock. Zachary immediately purchased office furniture and manufacturing equipment costing $$9,100$ and $$24,600,$ respectively. The office furniture had an eight$-$year useful life and a zero salvage value. The manufacturing equipment had a $$3,600$ salvage value and an expected useful life of three years. The company paid $$11,300$ for salaries of administrative personnel and $$15,600$ for wages to production personnel. Finally, the company paid $$16,400$ for raw materials that were used to make inventory. All inventory was started and completed during the year. Zachary completed production on $5,000$ units of product and sold $4,060$ units at a price of $$15$ each in Year $1.($Assume that all transactions are cash transactions and that product costs are computed in accordance with GAAP.$)$

Required

Determine the total product cost and the average cost per unit of the inventory produced in Year $1.$

Note: Round "Average cost per unit" to $2$ decimal places.

Determine the amount of cost of goods sold that would appear on the Year $1$ income statement.

Note: Do not round intermediate calculations.

Determine the amount of the ending inventory balance that would appear on the December $31,$ Year $1,$ balance sheet.

Note: Do not round intermediate calculations.

Determine the amount of net income that would appear on the Year $1$ income statement.

Note: Do not round intermediate calculations.

Determine the amount of retained earnings that would appear on the December $31,$ Year $1,$ balance sheet.

Note: Do not round intermediate calculations.

Determine the amount of total assets that would appear on the December $31,$ Year $1,$ balance sheet.

Note: Do not round intermediate calculations