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Problem 2-24 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behaviour [LO1, LO2, LO3, LO4, LO5] Carlton Manufacturing Company provided the following detalls about operations in February: The company also provided details regarding the balances in the inventory accounts at the beginning and end of the month as follows: Raw materials used in production cost $135,000, total overhead costs for the year were $170,000, the goods available for sale totalled $360,000, and the cost of goods sold totaled $317,500. Required: 1-a. Prepare a schedule of cost of goods manufactured of the companys income statement for the year. (see template on next page) (hint: use the examples from Chapter 2) 1-b. Prepare a schedule cost of goods sold section of the company's income statement for the year. (see template on next page) (hint: use the examples from Chapter 2) 2. Assume that the dollar amounts given above are for the equivalent of 15,000 units produced during the year. Compute the average cost per unit for direct materials used, and compute the average cost per unit for rent on the factory building. 3. Assume that in the following year the company expects to produce 20,000 units. What average cost per unit and total cost would you expect to be incurred for direct materials, and for rent on the factory building? Direct materials are a variable cost and rent is a fixed cost. (Round "Unit cost" answers to 2 decimal places.)

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