The following information pertains to the most recent quarter atPrecious Production Limited.

Purchases of rawmaterials	$	385,500
Raw materialsinventory, beginning		46,800
Raw materialsinventory, ending		76,500
Depreciation,factory		210,500
Insurance,factory		21,700
Direct labour		251,900
Maintenance,factory		126,800
Administrativeexpenses		293,600
Sales		2,208,000
Utilities,factory		116,500
Supplies,factory		4,170
Sellingexpenses		335,300
Indirect labour		271,900
Work in processinventory, beginning		28,850
Work in processinventory, ending		123,400
Finished goodsinventory, beginning		42,550
Finished goodsinventory, ending		170,200
1. Prepare a schedule of cost of goods manufactured. 2. prepare income statement 3. Assume that the company produced theequivalent of 16,000 units of product during the year. What was theaverage cost per unit for direct labour? What was the average costper unit for factory insurance? (Round your answers to 2decimal places.) 4. Assume that the company expects to produce18,000 units of product during the coming year. What average costper unit and what total cost would you expect the company to incurfor direct materials at this level of activity? For factoryinsurance? (In preparing your answer, assume that direct materialsis a variable cost and that depreciation is a fixed cost; alsoassume that depreciation is computed on a straight-line basis.)(Do not round intermediate calculations. Round "Averagecost per unit" answers to 2 decimal places.) 5. Assuming the company produced 24,000 fullyand partially finished units during the year, determine the costcomponents of the finished goods inventory, which is composed of4,800 finished units. direct material....... direct labour....... manufacturing overhead..... total..........................................