Fido Treats manufactures its own brand of pet chew bones. At the end of December 2014, the accounting

Fido Treats manufactures its own brand of pet chew bones. At the end of December 2014, the accounting records showed the following:

Inventories:Beginning Ending

             Raw Materials                                      $  13,400$  9,500

             Work -in-Process                                0                          2,000

             Finished Goods                                         0                          5,300

           Other Information:

           Raw materials purchase$  33,000

           Plant janitorial services                 800

           Sales Salaries     5,000

           Delivery Costs                             1,700

           Sales revenue  109,000

           Utilities for plant      1,600

           Rent on plant   13,000

          Customer service hotline costs      1,400

           Direct Labor            22,000

Requirements:

1.  Prepare a schedule of costs of goods manufactured for Fido Treats for the year ended December 31, 2014.

2.  Prepare an income statement for Fido Treats for the year ended December 31, 2014.

3.  How does the format of the income statement for Fido Treats differ from the income statement of a merchandiser?

4.  Fido Treats manufactured 18,075 units of its product in 2014. Compute the company’s unit product cost for the year.