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Consider the following data of the campbell company for the year 2016:

sandpaper: $2000

materials handling costs: $70000

lubricants and coolants: $5000

Miscellaneous and manufacturing labor: $40000

Direct manufacturing labor: $300,000

Direct materials, Jan 1 2016; $40,000

Finished goods Jan 1, 2016: $100,000

Finished goods Dec 31, 2016: $150,000

Work in process Jan 1,2016: $10,000

Work in process Dec 31,2016: $14,000

plant leasing costs: $54,000

Depreciation plant equipment: 36,000

property taxes on plant equipment: 4000

fire insurance on plant equipment: 3000

Direct materials purchased: 460,000

Direct materials, Dec 31, 2016: 50,000

Sales: 1,260,000

sales commissions: 60,000

sales salaries: 100,000

Shipping costs: 70,000

Administration costs: 100,000

1) Prepare an income statement with a separate supporting schedule of costs of goods manufactured....

2) Suppose the direct materials costs are tied to a production of 900,000 units. what is the unit cost for the direct materials assigned to each unit produced ??

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