Jarvis Company Provided the Following Information Regarding Its First Year

Essay

Jarvis Company provided the following information regarding its first year of operations: $\begin{array}{lr}\text { Administrative salaries } & \$ 60,000 \\\text { Depreciation on factory equipment } & 16,000 \\\text { Indirect materials } & 4,000 \\\text { Marketing costs } & 40,000 \\\hline \text { Salaries for factory supervisors } & 28,000\\\hline \text { Wages for production workers } & 80,000 \\\text { Raw materials used } & 100,000 \\\text { Research and development } & 32,000 \\\text { Rent on factory building } & 18,000 \\\text { Sales revenues } & 432,000 \\\hline \text { Sales salaries and other selling costs } & 56,000\\\\\hline \text { Beginning inventory } & 0 \text { units } \\\hline \text { Number of units produced } & 20,000 \\\hline \text { Number of units sold } & 18,000 \\\end{array}$
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.