Homework: 1-2 MyAccountingLab: Module One Homework Save Score: 0 of 17 pts 2 of 3 (2 complete) HW Score: 62%, 31 of 50 p P2-40 (similar to) Question Help Denver Omice Equipment manufactures and sells metal shelving. It bcgan operations n January 1, 2014 ?(Click the icon to view the costs incurred during 2014.) ?(Click the icon to view the inventory data ) Revenucs in 2014 wore 5484,000. The seling price per unit and the purchasc price per pound of drcct matcrials were stable thrcughout the yoar. The company's ending inventory of finished goods is camied at the avcrage unit manufacturing cost for 2014 Finished-goods inventory at December 31, 7014, was S6,0D Data Table 1. Calculate direct materials inventory, total cost, December 31, 2014 2. Calcuale finished-goods invenlory, lolal uils, Deceribe 31, 2014. 3. Calcuate sclling pricc in 2014 4. Calculate operating income for 2014 Costs incurred for 2014 are as follows (V stands for variablc, F stands tor toxed) Requirement 1. Calculate direct materials inventory, total cost, Docember 31, 2014 Direct matenals used Direct manufacturing labor costs Plant energy costs Indirect manutacturing labor casts indirect m?nufacturing labor costs Other indirect manufacturing costs Other indirect manufacturing costs Marketing, distribution, and customer service costs Markeing, dislrbulion, arnd cuslomer-service cosls Administratve costs Dclermine the formula, then calculate ending dircct matcrials total cost 40,400 2,000 1b,00D 13,000 8,000 20,000 121,000 49,000 50,00D Vanable manutachunng costs are variable witn respect to units produced Variable marketing, dstnbuton, and customer-service costs are variable Ending direct meterials total cost Data Table Inventory data are as fullows: Beginning: Ending January 1, 2014 December 31, 2014 2 200 lbs Direct matenals Work in process -inished goods Choose from any list or enter any number in the input fields and then click Check A 0 units 0 unils respect to units sold. D units units Prcduclion in 2014 was 123,000 unils. Two pourids of direct malerials are used to make one unit of finished product. Print Done