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Denver Oilice Equipment manulactures and solls metal shelving. it began operatons on January 1, 2017. (Cick the icon to view the costs incurred during 201 (Click the icon to view the inventory data.) Ravenues in 2017 were $532,800. The seling price per unit and the purchase price per pound of direct materials were stable throughout the year, The companys ending inventry of finished goods is carried at the average unit manulacturing cest for 2017. Finished-goods inventory at December 31, 2017, was 518,900 , Read the inguirements. Requirement 1. Calculate direct materias inventory, botal cost, December 31,2017. Dotermine the formula, then caiculato onding dicect materials total cost. Requirement 2. Colculase firiahed-goods inventory, total usits, Decentber 31, 2017. Requirements 1. Calculate direct materials inventory, total cost, December 31,2017. 2. Calculate finished-goods inventory, total units, December 31, 2017. 3. Calculate selling price in 2017. 4. Calculate operating income for 2017. Data table Costs incurred for 2017 are as follows (V stands for variable; F stands for fi Data table Inventory data are as follows: Fivuucuon in O/ / was 120,000 units. Two pounds of direct materials are used to make one unit of finished product