Fido Treats manufactures its own brand of pet chew bones. At the end of December 2014, the accounting records showed the following:

Requirements
1. Prepare a schedule of cost of goods manufactured for Fido Treats for the year ended December 31, 2014.
2. Prepare an income statement for Fido Treats for the year ended December 31, 2014.
3. How does the format of the income statement for Fido Treats differ from the income statement of a merchandiser?
4. Fido Treats manufactured 18,075 units of its product in 2014. Compute the company’s unit product cost for theyear.

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Beginning Ending $9,500 2,000 5,300 Inventories: Raw Materials Work-in-Process Finished Goods Other information: Raw materials purchases Plant janitorial services Sales salaries Delivery costs Sales revenue Utilities for plant Rent on plant Customer service hotine costs Direct labor 13,400 33,000 5,000 1,700 109,000 1,600 13,000 1,400 22,000