Mansfield Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2020. (Click the icon to view the costs incurred during 2020.) (Click the icon to view the inventory data.) Revenues in 2020 were $440,000. 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 2020. Finished-goods inventory at December 31, 2020, was $23,000. Read the requirements. Requirement 1. Calculate direct materials inventory, total cost, December 31, 2020. Determine the formula, then calculate ending direct materials total cost. Requirements x 1. Calculate direct materials inventory, total cost, December 31, 2020. 2. Calculate finished-goods inventory, total units, December 31, 2020. 3. Calculate selling price in 2020. 4. Calculate operating income for 2020. Print Done Data table Ending direct materials total cost Costs incurred for 2020 are as follows (V stands for variable; F stands for fixed): Direct materials used $143,000 V Direct manufacturing labor costs $40,000 V Data table Plant energy costs $2,000 V Indirect manufacturing labor costs $16,000 V Inventory data are as follows: Beginning: January Ending: December 1, 2020 31, 2020 Indirect manufacturing labor costs Other indirect manufacturing costs Other indirect manufacturing costs $15,000 F $10,000 V $27,000 F Direct materials 0 lb Work in process Finished goods 0 units Production in 2020 was 110,000 units. Two pounds of direct materials are used to make one unit of finished product. 0 units 2,200 lbs 0 units Marketing, distribution, and customer-service costs Marketing, distribution, and customer-service costs Administrative costs $126,000 V $49,000 F $56,000 F ? units Variable manufacturing costs are variable with respect to units produced. Variable marketing, distribution, and customer-service costs are variable with respect to units sold. Print Done Print Done