San Diego Office Equipment manufactures and sells metal shelving. It began operations on January 1, 2020. 2 (Click the loon to view the costs incurred during 2020. (Click the icon to view the inventory data.) Revenues in 2020 were $519.750. 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 $22,400. Read the requirements, - X Data Table Requirement 1. Calculate direct materials inventory, total cost, December 31, 2020. Data Table Costs incurred for 2020 are as follows (V stands for variable; F stands for fixed): Inventory data are as follows: Beginning: January Ending: December 1, 2020 31, 2020 Direct materials Olb 2,400 lbs Work in process O units O units Finished goods O units ? units Production in 2020 was 106,250 units. Two pounds of direct materials are used to make one unit of finished product. X Requirements Print Direct materials used $144,500 V Direct manufacturing labor costs S30,000 V Plant energy costs $4,000 V Indirect manufacturing labor costs S12,000 V Indirect manufacturing labor costs $20.000 Other indirect manufacturing costs $8,500 V Other Indirect manufacturing costs $19,000 F Marketing, distribution, and customer-service costs $125,000 V Marketing, distribution, and customer-service costs $45,000 F Administrative costs $58.000 F Variable manufacturing costs are variable with respect to units produced. Variable marketing, distribution, and customer-service costs are variable with respect to units sold. 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