Cost Accounting Fall 2020 Save Homework: Chapter 2 Homework 4 of 5 (4 complete) HW Score: 60.13%, 3.01 ... Score: 0.32 of 1 pt P2-45 (similar to) Question Help Mansfield Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017 (Click the icon to view the costs incurred during 2017.) (Click the icon to view the inventory data.) Revenues in 2017 were $440,000. The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2017. Finished-goods inventory at December 31, 2017, was $23,000. Read the requirements Requirement 1. Calculate direct materials inventory, total cost, December 31, 2017 Determine the formula, then calculate ending direct materials total cost. Ending direct materials in Ending direct materials total pounds Direct materials cost per pound COSE OB 144 1800 - Data Table Inventory data are as follows: Beginning Ending: January 1, 2017 December 31, 2017 Direct materials Olb 1,800 lbs Work in process O units O units Finished goods O units ? units Production in 2017 was 110,000 units. Two pounds of direct materials are used to make one unit of finished product. Print Done Cost Accounting Fall 2020 Save Homework: Chapter 2 Homework 4 of 5 (4 complete) HW Score: 60.13%, 3.01 ... Score: 0.32 of 1 pt P2-45 (similar to) Question Help Mansfield Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017 (Click the icon to view the costs incurred during 2017.) (Click the icon to view the inventory data.) Revenues in 2017 were $440,000. The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2017. Finished-goods inventory at December 31, 2017, was $23,000. Read the requirements Requirement 1. Calculate direct materials inventory, total cost, December 31, 2017 Determine the formula, then calculate ending direct materials total cost. Ending direct materials in Ending direct materials total pounds Direct materials cost per pound COSE OB 144 1800 - Data Table Inventory data are as follows: Beginning Ending: January 1, 2017 December 31, 2017 Direct materials Olb 1,800 lbs Work in process O units O units Finished goods O units ? units Production in 2017 was 110,000 units. Two pounds of direct materials are used to make one unit of finished product. Print Done