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Discon Corporation manufactures a popular doll called Teardrops. Last year the company started with 10,000...

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Discon Corporation manufactures a popular doll called Teardrops. Last year the company started with 10,000 dolls, produced 240,000 dolls, and ended the year with 8,000 dolls. Each doll was sold for $20. The actual unit cost for Teardrops is given below: The only selling expenses were a commission of $2 per unit sold and advertising amounting to $350.000. Administrative expenses, all fixed, equalled $270,000. There were no beginning and ending work-inprocess inventories. 1. Prepare an income statement. 2. Calculate the following per unit costs: (Round your answers to 2 decimal places.) 2. Calculate the following per unit costs: (Round your answers to 2 decimal places.)

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