Income Statement Data (for 20X2) 10,000 Sales Loss on sale of PPE 100 Cost of Goods Sold 6,000 General Expense 2,000 Depreciation Expense 330 Income Tax Expense 700 Total Expenses 9,130870 Net Income Additional Information:1. Equipment with a book value of $300 was sold during 20X2.3. Equipment costing $160 was purchased with a mortgage during 20X2. This fact is already reflected in the balance sheet numbers reported above. All other purchases of Equipment in 20X2 were cash transactions.2. All accounts payable relate to inventory purchases.4. Compute the amount of Cash Paid for Inventory Purchases in 20X2.

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?