income statement , final question

Amount Descriptions Income Statement Final Question Ginocera Inc. is a designer, manufacturer, and distributor of custom gourment kitchen knives. A new kitchen knife series production in early 20Y8. In January, the company spent $600,000 to develop a late-night advertising infomercial an additional $1,400,000 promoting the product through these infomercials, and $800,000 in legal costs. The knive Ginocera uses a job order cost system to accumulate costs Kitchen Ninja called the Kitchen Ninja was released for duct During 20Y8, the company spent 000 in legal costs. The knives were ready for manufacture on January 1, 20Y8 o accumulate costs associated with the Kitchen Ninja Knife. The unit direct materials cost for the knife is Hardened steel blanks (used for knife shaft and blade) $4.00 Wood (for handle) Packaging 1.50 The production process is straightforward. First the hardened steel blanks, which are purchased directly from a raw material supplier, are stamped into a single piece of metal that includes both the blade and the shaft. The stamping machine requires one hour per 250 knives. After the knife shafts are stamped, they are brought to an assembly area where an employee attaches the handle to the shaft and packs the knife into a decorative box The direct labor cost is $0.50 per unit The knives are sold to stores. Each store is given promotional materials, such as posters and aisle displays. Promotional materials cost $60 per store. in addition, shipping costs average $0.20 per knife