Homework: Comprehensive Assignment #1 Question 4, *Proble X Part 3 of 8 Inventory data 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.) Inventory data are as follows: Beginning, Ending, Revenues in 2019 were $540,000. The selling price per unit and the purchase price per kilogram of direct materials were stable th age unit costs for 2019. Finished goods inventory at December 31, 2019, was $23,000. January 1, 2019 December 31, 2019 Required Direct materials 0 kilograms 2,100 kilograms Work in process 0 units 0 units Requirement 1. Calculate direct materials inventory, total cost, December 31, 2019. Finished goods 0 units ? units Determine the formula to calculate the total cost of direct materials inventory at December 31, 2019. Production in 2019 was 110,000 units. Two kilograms of direct materials is used to make one unit of finished product. 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. (O Costs incurred for 2019 are as follows (V stands for variable; F stands for fixed): Manufacturing costs for 110,000 units Direct materials used costs $ 143,000 V Variable Fixed Total Direct manufacturing labour costs 48,000 V Direct materials used Plant energy costs 2,000 V Direct manufacturing labour costs Indirect manufacturing labour costs 12,000 V Plant energy costs Indirect manufacturing labour costs 18,000 F Indirect manufacturing labour costs Other indirect manufacturing costs 6,000 V Other indirect manufacturing costs Other indirect manufacturing costs 24,000 F Cost of goods manufactured 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 Help Me Solve This Calculator Get More Help respect to units sold. Che