THIS IS ALL ONE QUESTION 1 SO PLEASE DO IT ALL FOR THUMBS UP

Selected account balances for the year ended December 31 are provided below for Superior Company $111,080 6,600 64,800 Selling and administrative salaries Insurance, factory Utilities, factory Purchases of raw materials Indirect labour Direct labour Advertising expense Cleaning supplies, factory Sales commissions Rent, factory building Maintenance, factory 64,000 75,600 73,000 8,000 39,000 115,000 30,000 Inventory balances at the beginning and end of the year were as follows: Beginning of the Year 551,600 Raw materials Work in process Finished goods End of the Year $16, 100 36,300 76,000 43,000 The total manufacturing costs for the year were $704,000, and the cost of goods sold totalled $670,000. For the Year Ended December 31 Direct materials: Raw materials available for use Raw materials used in production Manufacturing overhead: Total overhead costs Total manufacturing costs Total work in process inventory Cost of goods manufactured 1.b. Prepare the cost of goods sold section of the company's income statement for the year SUPERIOR COMPANY Income Statement (Partial) For the Year Ended December 31 Goods available for sale Cost of goods sold 1.b. Prepare the cost of goods sold section of the company's income statement for the year. SUPERIOR COMPANY Income Statement (Partial) For the Year Ended December 31 Goods available for sale Cost of goods sold 2. Assume that the dollar amounts given above are for the equivalent of 50.000 units produced during the year. Compute the average cost per unit for direct materials used and the average cost per unit for rent on the factory building (Round your answers to 2 decimal places.) Average Cost per unit Direct materials Rent on the factory building per unit 3. Assume that in the following year the company expects to produce 71875 units What average cost per unit and total cost would you expect to be incurred for direct materials? For rent on the factory building (Assume that direct materials are a variable cost and that rent is a fixed cost) (Round your "Average Cost' answers to 2 decimal places.) Average Cost Total Cost per un Direct materials Rent on the factory building perut