Inventory Valuation and Cost of Goods Sold for Samsung Electronics Ltd

Inventory Valuation; Cost of Goods Sold. The cost department of the Samsung Electronics Ltd made the following data and costs available for the year 20XX
:
Inventories:                                                  Jan. 1 Dec.               31 Dec. 31
Raw materials                                               S34,200                  $49,300
Work in process....                                         81,500                     42,350
Finished goods                                               48,600                        ?

Depreciation ON FACTORY Equipment  —                                 21,350
Interest earned                                                                                6,300
Freight-in                                                                                        8,600
Indirect labor                                                                                83,400
Raw materials purchased                                                          $364,000
 Direct labor                                                                               162,500
Miscellaneous factory overhead .                                                  47,900
 Purchases discounts                                                                       5,200

Finished goods inventory: January 1: 300 units; December 31: 420 units, all from current year's production.
Sold during 20xx— : 3,880 units at $220 per unit.

Required: (1) The unit cost of the finished goods inventory, December 31.
(2) The total value of the finished goods inventory, December 31.
(3) The cost of goods sold.
(4) The gross profit total and the gross profit per unit.