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Selected account balances for the year ended December 31 are provided below for Superior Company: Selling and administrative salaries $117,000 Insurance, factory 7,000 Utilities, factory 47,000 Purchases of raw materials ? Indirect labour 68,000 Direct labour 36,400 Advertising expense 68,800 Cleaning supplies, factory 8,600 Sales commissions 52,000 Rent, factory building 120,000 Maintenance, factory 30,000 [ lnventory balances at the beginning and end ofthe year were as follows: Beginning of End of the Year the Year Raw materials $53,200 $12,700 Workinprocess ? 40,500 Finished goods 46,000 29,000 ' The total manufacturing costs for the year were $665,000, and the cost of goods sold totalled $676,000. Required: 1.a. Prepare a schedule of cost of goods manufactured. Raw materials inventory, beginning $ 53,200 _ Raw materials available for use 53,200 _ Raw materials used in production _ $ 53,200 Manufacturing overhead: _ Insurance, factory 7 000 Indirect labour Utilities factory Total overhead costs 280,600 370,200 Total manufacturing costs Total work in process Inventory Cost of goods manufactured 370,200 $ 370,200 2. Assume that the dollar amounts given above are for the equivalent of 60,000 units produced during the year. Compute the average cost per unit for direct materials used and the average cost per unit for rent on the factory building. (Round your answers to 2 decimal places.) Rent on the factory building _m 3. Assume that in the following year the company expects to produce 50,000 units. What average cost per unit and total cost would you expect to be incurred for direct materials? For rent on the factory building? (Assume that direct materials are a variable cost and that rent is a fixed cost.) (Round your "Average Cost" answers to 2 decimal places.)

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