Question 1:

Mansfield Otfice 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 viow the inventory data.) Revenues in 2020were \$534,800The seling 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 cartied at the average unit manufacturing cost for 2020Finished-goods inventory at December 31, 2020was 528,800 . Read the requirements. Requirement 1. Calculate direct materials inventory, fotal cost, Docember 31, 2000. Dotermine the formula, then calculate ending direct materials total cost. Data table 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 2020were $534,800T 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 2020Finished-goods inventory at December 31, 2020was \$28,800. Read the requirements. Requirement 1. Calculate direct materials inventory, total cost. December 31, 2020. Determine the formula, then calculate ending direct materials total cost. Data table used to make one unit of finished product. 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 2020were $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 2020Finished-goods inventory at December 31,2020 was $28,800. Read the requirements. Requirement 1. Calculate direct materials inventory, total cost, December 31, 2020. Determine the formula, then calculate ending direct materiais total cost. =Endingdirectmaterialstotalcost= Requirements - Calculate direct materials inventory, total cost, December 31, 2020. . Calculate finished-goods inventory, total units, December 31, 2020. - Calculate selling price in 2020. - Calculate operating income for 2020