Business Finance Homework Help

I’m stuck on a Accounting question and need an explanation.

Given the following information for Johnson Corporation: 

Advertising costs

300,000

Office rent

20,000

Direct materials

850,000

Delivery vehicle depreciation

80,000

Factory repair and maintenance

425,000

Sales salary

505,000

Indirect labor

205,000

Manufacturing equipment depreciation

180,000

Administrative salaries

320,000

President’s salary

650,000

Sales revenue

5,400,000

Indirect materials

180,000

Direct labor 

1,400,000

Machine hours 

2,500

Direct labor hours

11,000

Machine hours per unit

3

Direct labor hours per unit

5

Direct materials per unit

?

Units manufactured

600

Units sold

350

Given the above information for Johnson Corporation:

1. Create a list that identifies the total period costs.
2. Calculate overhead per unit based on machine hours.
3. Calculate the total product cost for units manufactured (“direct materials per unit”).
4. Calculate total cost of goods sold.
5. Prepare income statement in good form assuming no beginning inventory.

You must show all your work.