Mansfield Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017 Click the icon to view the costs incurred during 2017.) (Click the icon to view the inventory data.) Revenues in 2017 were $534,800. The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2017 Finished-goods inventory at December 31, 2017 was $28,800 Read the requirements D Requirement 1. Calculate direct materials inventory, total cost, December 31, 2017 Determine the formula, then calculato ending direct materials fotal cost. Ending direct materials in pounds Direct materials cost per pound Ending direct materials total cost Requirement 2. Calculate finished-goods inventory, total units, December 31, 2017 Before we calculate the units for ending tirished goods, we will first calculate the total cost of goods manufactured. (It a box is not used in the table, leave the box empty; do not enter a zero.) Manufacturing costs for 107,500 units Choose from any list or enter any number in the input fields and then continue to the next question live for Later Mansfield Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017 Click the icon to view the costs incurred during 2017.) (Click the icon to view the inventory data.) Revenues in 2017 were $534,800 The selling price pornit and the purchase price por pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2017 Finished-goods inventory at December 31, 2017 was $28,800 Read the requirements Manutacturing costs for 107.500 units Variable Fixed Total Direct materials used Direct manufacturing labor costs Plant energy costs Indirect manufacturing labor costs Other indirect manufacturing costs Cost of goods manufactured Now Select the labels used to calculate ending finished goods inventory in total units, then calculate the finished goods inventory in total units at December 31 Choose from any list or enter any number in the input fields and then continue to the next question live for Later Mansfield Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2017 Click the icon to view the costs incurred during 2017, Click the icon to vw the inventory data) Revenues in 2017 were $534,800. The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2017 Finished-goods inventory at December 31, 2017, was $28,800. Read the requirements Now select the labels used to calculate ending finished goods inventory in total units, then calculate the finished goods inventory in total units at December 31, 2017 (Round intermediary calculations to the nearest cent. Abbreviations used: DM-direct materials, COG-cost of goods, End - Ending) Ending finished goods inventory in units 1 Requirement 3. Calculate selling price in 2017. (Abbreviations used: DM - direct materials, COG-cost of goods.) Determine the formula to calculate selling price Selling price Choose from any list or enter any number in the input fields and then continue to the next question 2 hive for Later u du suis mocashelving. It began operations on January 1, 2017 (Click the icon to view the costs incurred during 2017.) Click the icon to view the inventory data.) Revenues in 2017 were $534,800. The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2017. Finished-goods inventory at December 31, 2017, was $28,800 Read the requirements Requirement 3. Calculate selling price in 2017. (Abbreviations used: DM = direct materials, COG-cost of goods) Determine the formula to calculate rolling price, Selling price (Enter your answer to the nearest cont.) The 2017 selling price is per unit 5 of 5 i Data Table manul he COS 4,800 goods Costs incurred for 2017 are as follows (V stands for variable; F stands for fixed): pu hb Direct materials used Direct manufacturing labor costs Plant energy costs Indirect manufacturing labor costs Indirect manufacturing labor costs Other indirect manufacturing costs Other indirect manufacturing costs Marketing, distribution, and customer-service costs Marketing, distribution, and customer-service costs Administrative costs $150,500 V $31,500 V $5,500 V $16,000 V $13,000 F $8,500 V $33,000 F $130,000 V $46,000 F $56,000 F ss) Eer any Print Done arried at the average unit manufacturing cost for 2017. Finished-goods inventory at December Data Table . Inventory data are as follows: Beginning: Is Ending: January 1, 2017 December 31, 2017 Direct materials Olb 2,000 lbs Work in process O units 0 units Finished goods O units ? units Production in 2017 was 107,500 units. Two pounds of direct materials are used to make one unit of finished product. Print Done