Question: Please solve the question if you are completely sure about the solution, otherwise I will downvote it. Thanks. 4. DER, Inc., manufactures a single product.

 Please solve the question if you are completely sure about the

Please solve the question if you are completely sure about the solution, otherwise I will downvote it.

Thanks.

4. DER, Inc., manufactures a single product. The following information is available for 2022: Raw materials: Beginning balance: $5,000. Purchased $40,000 on credit. Direct materials used in production were three-fourths of direct materials bought. Work in process: Beginning balance: $3,100. Ending balance: $12,900. Units transferred out: 10,000. All units have the same average cost. Finished goods: Beginning balance: 0 units. Ending balance: 1,000 units. Also known: Prime costs $55,000 Indirect labor $11,000 Factory insurance $2,500 Utilities $8,000 (80% relates to production) Factory depreciation $7,000 Sales $14 Per unit Administrative and selling costs (other $22,000 than utilities) a. Complete the T-accounts for raw materials, work in process, and finished goods. b. What is the ending balance of raw materials? c. What is overhead? d. What is cost of goods manufactured? e. What is gross margin? f. What are period costs? g. What are conversion costs

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