Mary's Mugs produces and sells various types of ceramic mugs. The business began operations on January 1, year 1, and its costs Incurred during the year Include these: 3,750 23,190 1,110 2,410 4,200 consisted of 3,750 pounds of material Production in that year was 15,000 mugs. All prices and unit variable costs remained constant during the year. Sale revenues for year 1 was $50,050. Finished goods Required: a Compute the direct materials inventory cost, December 31, year 1 was $4,300 on December 31, year 1. Each finished mug requires 04 pounds of material. (Do not round Intermedlate calculations) Answer is complete and correct. b. Compute the finished goods ending inventory in units on December 3 31, year 1. (De not round Intermediate calculations) O Answer is complete and correct. 2,000 G e. Compute the selling price per unt (Round your answer to 2 decimal places) O Answer is complete and correct. 385 d. Compute the operating profit (loss) for year 1 O Answer is complete but not entirely correct