Jarvis Company Provided the Following Information Regarding Its First Year

Essay

Jarvis Company provided the following information regarding its first year of operations:
$\begin{array}{lr}\text { Administrative salar1es } & \$ 60,000 \\\text { Depreciation on factory equipment } & 16,000 \\\text { Indirect materials } & 4,000 \\\text { Marketing costs } & 40,000\\\text { Salaries for factory supervisors } & 28,000 \\\text { Wages for production workers } & 80,000 \\\text { Raw materials used } & 100,000 \\\text { Research and development } & 32,000 \\\text { Rent on factory building } & 18,000\\\text {Sales revenues}&432,000\\\text {Sales salaries and other selling costs}&65,000\\\text { Beginning inventory}&\text{0 units}\\\text { Number of units produced}&20,000\\\text { Number of units sold}&18,000\end{array}$
Required:
Determine the following amounts:
(a)Total overhead costs.
(b)Total product costs.
(c)Product cost per unit.
(d)Total cost of ending finished goods inventory.
(e)Total cost of goods sold.