Based on the following information, complete the required calculations listed below:

• Factory utilities: $ 15,000
• Direct labor: $ 75,000
• Depreciation on factory equipment: $ 13,000
• Sales salaries: $ 45,000
• Depreciation on delivery trucks: $ 5,000
• Property taxes on factory building: $ 4,000
• Indirect factory labor: $ 50,000
• Repairs to office equipment: $ 2,000
• Indirect materials: $ 80,000
• Sales revenue: $ 350,000
• Direct materials used: $ 140,000
• Advertising: $ 16,000
• Factory manager's salary: $ 8,000
• Office supplies used: $ 3,000

Assume the number of units produced was 10,000 units and the number of units sold was 7,000 units. Calculations for you to make:

1. Calculate total product/manufacturing costs.
2. Calculate total manufacturing overhead.
3. Calculate unit product cost.
4. Calculate cost of goods sold.
5. Calculate gross profit.
6. Calculate net income.
7. Calculate the amount of inventory to be reported on the balance sheet.