Check my w During 2017, Perez Manufacturing Company incurred S108,000,000 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 2017 Manufacturing costs (direct materials, direct labor, and overhead) are expected to be $60 per unit Packaging. shipping, and sales commissions are expected to be $19 per unit. Perez expects to sell 2.400,000 batteries before new research renders the battery design technologically obsolete. During 2017, Perez made 445,000 batteries and sold 397000 of them Required a. Identify the upstream and downstream costs. b. Determine the 2017 amoun t 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 Perez desires to earn a profit margin that is equal to 25 percent of the total cost of d. Prepare a GAAP-based income statement for 2017 Use the sales price developed in Requirement o developing, making, and distributing the batteries. Complete this question by entering your answers in the tabs below Required ARequired B Required C Required D Identify the upstream and downstream costs