DQ Inc. manufactures picture frames. The company began operations on 1/1/2021. During 2021, DQ incurred the following costs:

Variable manufacturing costs are variable with respect to units produced.

Variable non-manufacturing costs are variable with respect to units sold.

Inventory data (in units) is as follows:

DQ produced 100,000 units in 2021.

It takes 2 lbs. of direct material to make one unit of the finished product.

DQs ending finished goods inventory is carried at the average manufacturing cost per unit for 2021.

Finished goods inventory on 12/31/2021 was $20,970.

Sales revenue for 2021 totaled $473,200.

The selling price per unit and the purchase price per pound of direct materials were stable throughout 2021.

Calculate the following amounts (show your work)

1. Finished goods inventory in units, 12/31/2021

Direct material used Direct labor costs Manufacturing overhead (variable) Manufacturing overhead (fixed) Marketing, distribution, and customer-service costs (variable) Marketing, distribution, and customer-service costs (fixed) Administrative costs (fixed) $140,000 22,000 31,000 40,000 120,000 43,000 54,000 Direct Materials inventory Work in process inventory Finished goods inventory Beginning Inventory 1/1/2021 0 lbs. 0 units 0 units Ending Inventory 12/31/2021 2,300 lbs. O units ? units