Question: Please answer correct with good presentation using commas an dolla r sign in each figure Ivanhoe Inc. manufactures a single product in a continuous processing

Please answer correct with good presentation using commas an dollar sign in each figure

Please answer correct with good presentation using commas an dollar sign ineach figure Ivanhoe Inc. manufactures a single product in a continuous processingenvironment. All materials are added at the beginning of the process, and

Ivanhoe Inc. manufactures a single product in a continuous processing environment. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. To assign costs to inventories, the company uses weighted-average process costing. The following information was available for 2022: Sales (selling price per unit, $41) $4,350,100 Actual manufacturing overhead 686,400 Selling and administrative expenses 341,120 Unit production costs: Direct materials (1 kilogram) $5.00 Direct labour (1/2 hour) 7.00 Manufacturing overhead 8.00 Total $20.00 Units completed and transferred to finished goods 145,600 units Materials purchased 130,000 kilograms Materials used in process 141,440 kilogramsAn inventory count at year end (December 31, 2022) revealed that the inventories had the following balances: Raw materials 8,320 kilograms Work in process inventory (45% complete) 22,880 units Finished goods 46,800 units The January 1, 2022, work in process inventory units are 70% complete. The unit cost of production was the same in 2022 as it was in 2021. Calculate the following amounts for Ivanhoe Inc.: The opening (January 1, 2022) balance in units and costs of (1) raw materials, (2) work in process inventory, and (3) finished goods Units Cost (1) Opening Balance - Raw Materials enter a number of units |Senter a dollar amount (2) Opening Balance - Work in Process enter a number of units |Senter a dollar amount Inventory (3) Opening Balance - Finished Goods enter a number of units Senter a dollar amountThe equivalent units of production for 2022 for (1) materials and (2) conversion costs Direct Materials Conversion Equivalent units of production for 2022 enter a number of units |enter a number of units The total cost for 2022 for (1) materials used and (2) conversion applied Direct Materials Conversion Total cost for 2022 enter a dollar amount | enter a dollar amount The cost of ending work in process inventory for 2022 Cost assigned to Senter the cost assigned to ending work in process inventory in dollars ending work in process inventory The cost of units completed and transferred to finished goods Cost of units Senter the cost of units completed and transferred to finished goods in dollars completed and transferred to finished goods

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