Homework: Ch 2 MAL HW Question 4, P2-45 book HW Score 40%. 2 ore Putos O Points of Save Allanta Office Equipment manufactures and metalling towns on January 1, 2017 Click the icon to view the costs incurred during 2017 mwemvertory Revenues in 2017 were 5473,200 The selling price per unit and the punase price per pound of firect materials were stable roughout the year. The company's story goode la carried at the average unit manutacturing cost for 2017 Finished goods vertory at December 31, 2017, was $20.970, Read the remonts Requirement 1. Calculate direct materials inventory, toalcos December 31, 2017 Determine the formula then calculate ending direct materials total cost Ending direct materials con ces Clear All Check Aw Help Me Solve This e Text Pages Get More Help Costs incurred for 2017 are as follows (V stands for variable; F stands for fixed): Direct materials used $140,000 V Direct manufacturing labor costs $22,000 V Plant energy costs $5,000 V Indirect manufacturing labor costs $18,000 V Indirect manufacturing labor costs $14,000 F Other indirect manufacturing costs $8,000 V Other Indirect manufacturing costs $20,000 F Markoting, distribution, and customer-service costs $120,000 V Marketing, distribution, and customer-service costs $43,000 F Administrativo costs $54,000 F Variable manufacturing costs are variable with respect to units produced. Variable marketing, distribution, and customer-service costs are variable with respect to units sold. Inventory data are as follows: Beginning: Ending: January 1, 2017 December 31, 2017 Direct materials Olb 2,300 lbs Work in process O units O units Finished goods O units 7 units Production in 2017 was 100,000 units. Two pounds of direct materials are used to make one unit of finished product. Requirements 1.Calculate direct materials inventory, total cost, December 31, 2017. 2. Calculate finished-goods inventory, total units, December 31, 2017. 3. Calculate selling price in 2017. 4.Calculate operating income for 2017