Overtoom International Nederland BV manufactures and sells metal shelving. It began operations on 1 January 2018. Costs incurred for 2018 (V stands for variable; F stands for fixed) are as follows:
Direct materials used costs .................................................................................                   €280,000 V
Direct manufacturing labour costs .................................................................................       60,000 V
Plant energy costs .................................................................................                                   10,000 V
Indirect manufacturing labour costs .................................................................................   20,000 V
Indirect manufacturing labour costs .................................................................................   32,000 F
Other indirect manufacturing costs .................................................................................   16,000 V
Other indirect manufacturing costs .................................................................................    48,000 F
Marketing, distribution and customer-service costs ......................................................   245,700 V
Marketing, distribution and customer-service costs ..................................................       80,000 F
Administrative costs .................................................................................                             100,000 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. Stock data are as follows:

Production in 2018 was 100,000 units. Two kilograms of direct materials are used to make one unit of finished product.

Revenues in 2018 were €873 600. The selling price per unit and the purchase price per kilogram of direct materials were stable throughout the year. The company’s ending stock of finished goods is carried at the average unit manufacturing costs for 2018. Finished goods stock, at 31December 2018, was €41,940.

Required

1. Direct materials stock, total cost, 31 December 2018.

2. Finished goods stock, total units, 31 December 2018.

3. Selling price per unit 2018.

4. Operating profit 2018. Show your computations.

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Opening Closing 1 January 2018 0 kg O units 0 units 31 December 2018 2000 kg O units ? units Direct materials Work in progress Finished goods