= Homework: Comprehensive Assignment #1 Question 4. *Proble Part 3 of 8 - X Inventory data Ending, Manitoba Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2019. (Click the icon to view the costs incurred during 2019.) (Click the icon to view the inventory data.) Revenues in 2019 were $540,000. The selling price per unit and the purchase price per kilogram of direct materials were stable th costs for 2019. Finished goods inventory at December 31, 2019, was $23,000. Required ge unit Inventory data are as follows: Beginning, January 1, 2019 December 31, 2019 , Direct materials 0 kilograms 2,100 kilograms Work in process O units 0 units Finished goods 0 units ? units Production in 2019 was 110,000 units. Two kilograms of direct materials is used to make one unit of finished product. Requirement 1. Calculate direct materials inventory, total cost, December 31, 2019. Determine the formula to calculate the total cost of direct materials inventory at December 31, 2019. Ending direct materials in kilograms X Direct materials cost per kilogram = Ending direct materials total X The total cost of ending direct materials inventory is $ 1,365 Costs incurred Requirement 2. Calculate finished goods inventory, total units, December 31, 2019. Before we calculate the units for ending finished goods, we will first calculate the total cost of goods manufactured. (a Costs incurred for 2019 are as follows (V stands for variable; F stands for fixed): Manufacturing costs for 110,000 units Variable Fixed Total Direct materials used Direct manufacturing labour costs Plant energy costs Indirect manufacturing labour costs Other indirect manufacturing costs Cost of goods manufactured Direct materials used costs $ 143,000 V Direct manufacturing labour costs 48,000 V Plant energy costs 2,000 V Indirect manufacturing labour costs 12,000 V Indirect manufacturing labour costs 18,000 F Other indirect manufacturing costs 6,000 V Other indirect manufacturing costs 24,000 F Marketing, distribution, and customer-service costs 125,000 V Marketing, distribution, and customer-service costs 45,000 F Administrative costs 51,000 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. Help Me Solve This Calculator Get More Help Che