Problems PROBLEM 1-22 Financial Statements Cost Behavior (LO3.LO4, LOS) Various cost and sales data for Jaskot Company for the just completed year follow: Microsoft Excel Problem 122 crees captured CHECK FIGURE (1) Cost of goods manufactured: $233.000 DR IAI. 018 1 Finished goods invertory 2 Finished goods invertory 3 Depreciation factory 4 Administrative expenses 5 Utilities factory Maintenance factory 7 Supplies, factory Insurance factory 9 Purchases of raw materials 10 Raw materials invertory 11 Raw materials inventory 12 Direct labor 13 Indirect labor 14 Work in process inventory 15 Work in process inventory 16 Sales 17 Seling expenses $10,000 $14.000 $21.000 $45.000 $12.000 $28.000 $6.000 $7.000 $72.000 $5.000 $8,000 $61,000 $32000 $13.000 $14000 $355 000 501000 Required: 1. Prepare a schedule of cost of goods manufactured, 2. Prepare an income statement. 3. The company produced the equivalent of 12,000 units of product during the year just completed. What was the average cost per unit for direct materials? What was the average cost per unit for factory depreciation? 4. The company expects to produce 10,000 units of product during the coming year. What per unit cost and what total cost would you expect the company to incur for direct materials at this level of activity? For factory depreciation? (In preparing your answer, assume that direct materials is a variable cost and that depreciation is a fixed cost that will be the same next year as it was this year.) 3. Explain to the president any difference in the average cost per unit between (3) and (4) above