Rundle Manufacturing Company was started on January Year when it acquired $ cash by issuing common stock. Rundle immediately purchased office furniture and manufacturing equipment costing $ and $ respectively. The office furniture had an eightyear useful life and a zero salvage value. The manufacturing equipment had a $ salvage value and an expected useful life of four years. The company paid $ for salaries of administrative personnel and $ for wages to production personnel. Finally, the company paid $ for raw materials that were used to make inventory. All inventory was started and completed during the year. Rundle completed production on units of product and sold units at a price of $ each in Year 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 Round \"Average cost per unit\" to decimal places.

Determine the amount of cost of goods sold that would appear on the Year income statement. Do not round intermediate calculations.

Determine the amount of the ending inventory balance that would appear on the December Year balance sheet. Do not round intermediate calculations.

Determine the amount of net income that would appear on the Year income statement. Round your answer to the nearest dollar amount.

Determine the amount of retained earnings that would appear on the December Year balance sheet. Round your answer to the nearest dollar amount.

Determine the amount of total assets that would appear on the December Year balance sheet. Round your answer to the nearest dollar amount. PLEASE