7 2 ints Skipped eBook Hint Print References During year 1, Campbell Manufacturing Company incurred $100,800,000 of research and development (R&D) costs to create a long-life battery to use in computers. In accordance with FASB standards, the entire R&D cost was recognized as an expense in year 1. Manufacturing costs (direct materials, direct labor, and overhead) are expected to be $68 per unit. Packaging, shipping, and sales commissions are expected to be $10 per unit. Campbell expects to sell 2,400,000 batteries before new research renders the battery design technologically obsolete. During year 1, Campbell made 434,000 batteries and sold 401,000 of them. Required a. Identify the upstream and downstream costs. b. Determine the year 1 amount of cost of goods sold and the ending inventory balance that would appear on the financial statements that are prepared in accordance with GAAP. c. Determine the sales price assuming that Campbell desires to earn a profit margin that is equal to 25 percent of the total cost of developing, making, and distributing the batteries. d. Prepare a GAAP-based income statement for year 1. Use the sales price developed in Requirement c. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Identify the upstream and downstream costs. 1. Research and development 2. Packaging 3. Shipping 4. Sales commissions

During year 1, Campbell Manufacturing Company incurred $100,800,000 of research and development (RBD) costs to create a long-life battery to use in computers. In accordance with FASB standards, the entire R\&D cost was recognized as an expense in year 1. Manufacturing costs (direct materials, direct labor, and overhead) are expected to be $68 per unit. Packaging, shipping, and sales. commissions are expected to be $10 per unit. Campbell expects to sell 2,400,000 batterles before new research renders the battery design technologically obsolete. During year 1, Campheil made 434,000 batteries and sold 401,000 of them. Required a. Identify the upstream and downstream costs. b. Determine the year 1 amount of cost of goods sold and the ending inventory balance that would appear on the financial statements that are prepared in accordance with GAAP. c. Determine the sales price assuming that Campbell desires to earn a profit margin that is equal to 25 percent of the fotal cost of developing, making, and distributing the batteries. d. Prepare a GAAP.based income statement for year 1 . Use the sales price developed in Requirement c. Complete this question by entering your answers in the tabs below. Identify the upstream and downstream costs. During year 1, Campbell Manufacturing Company incurred $100,800,000 of research and development (RsD) costs to create a long-ife battery to use in computers. In accordance with FASB standards, the entire RED cost was recognized as an expense in year 1. Manufacturing costs (direct materials, direct laboc, and overhead) are expected to be $68 per unit. Packaging, shipping, and sales commissions are expected to be $10 per unit. Campbell expects to sell 2,400,000 batteries before new research renders the battery design technologically obsolete, During year 1, Camphell made 434,000 batteries and sold 401,000 of them. Required a. Identify the upstream and downstream costs. b. Determine the year 1 amount of cost of goods sold and the ending inventory balance that would appear on the financial statements that are prepared in accordance with GAAP. c. Determine the sales price assuming that Campbell desires to earn a profit margin that is equal to 25 percent of the total cost of developing, making, and distributing the batteries. d. Prepare a GAAP-bosed income statement for year 1 . Use the sales price developed in Requirement c. Complete this question by entering your answers in the tabs below. Determine the year 1 amount of cost of goods sold and the ending inventory balance that would appear on the financial statements that are prepared in accordance with GAMP. During year 1, Campbell Manufacturing Company incurred $100,800,000 of research and development (R&D) costs to create a long-life battery to use in computers. In accordance with FASB standards, the entire R\&D cost was recognized as an expense in year 1. Manufacturing costs (direct materials, direct labor, and overhead) are expected to be $68 per unit. Packaging, shipping, and sales commissions are expected to be $10 per unit. Campbell expects to sell 2,400,000 batterles before new research renders the battery design technologically obsolete. During year 1 , Campbell made 434,000 batteries and sold 401,000 of them. Required a. Identify the upstream and downstream costs. b. Determine the year 1 amount of cost of goods sold and the ending inventory balance that would appear on the financial statements that are prepared in accordance with GAAP. c. Determine the sales price assuming that Campbell desires to earn a profit margin that is equal to 25 percent of the total cost of developing, making. and distributing the batteries. d. Prepare a GAAP-based income statement for year 1 . Use the sales price developed in Requirement c Complete this question by entering your answers in the tabs below. Determine the sales price assuming that Campbell desires to earn a profit margin that is equal to 25 percent of the total cost of developing, making, and distributing the batteries. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. During year t, Campbell Manufacturing Company incurred $100,800,000 of reseoch and development (RRO) costs to create a long tife battery to use in computers. In accordance with FAS8 standards, the entire R8D cost was recognized as an expense in year 1. Manufacturing costs (direct materials, direct labot, and overhead) are expected to be $68 per unit. Packaging, shipping, and sales commisslions are expected to be $10 per unit. Campbell expects to sell 2,400,000 batteries before new research renders the battery design technologicaly obsolete. During year 1, Campteil made 434,000 batteries and sold 40,000 of them. Required a. Identify the upstream and downstream costs. b. Determine the year 1 anount of cost of poods sold and the ending inventory balance that would appear on the financial statements that are prepared in accordance with GAAP. c. Determine the sales price assuming that Campbell desires to earn a profn margin that is equal to 75 percent of the rotal cost of developing, making. and distibuting the batteries. d. Prepare a GAAP-based income statement for year 1, Use the sales price developed in Requirement c Complete this question by entering your answers in the tabs below. Prepare a GMP-based income stutement for year 1. Use the sales price developed in Requirement C. Noter Do not round intermed ate calculations