Problem $2-83($Algo$)$ Finding Unknowns $($LO $2-2)$

Conner's Fixtures produces and sells a single product, a specialized plumbing fixture. The business began operations

on January $1$ this year and its costs incurred during the year include the following:

Variable costs $($based on units produced$)$:

Direct materials cost $ $24,000$

Direct manufacturing labor costs $126,000$

Indirect manufacturing costs $20,000$

Administration and marketing $15,300$

Fixed costs:

Administration and marketing costs $90,000$

Indirect manufacturing costs $24,000$

At the end of the first year $($December $31),$ direct materials inventory consisted of $9,300$ pounds of material. Production

in that year was $10,000$ fixtures. All prices and unit variable costs remained constant during the year. Sales revenue for

year $1$ was $$443,820.$ Finished goods inventory was $$28,421$ on December $31.$ Each finished fixture requires $3\mathrm{.}20$

pounds of material.

Required: $$

a$.$ Compute the direct materials inventory cost, December $31.$

Note: Round your answer to the nearest dollar.

b$.$ Compute the finished goods ending inventory in units $($fixtures$)$ on December $31.$

c$.$ Compute the selling price per unit.

Note: Round your answer to the nearest dollar.

d$.$ Compute the operating profit for year $1.$

Note: Loss amounts should be shown with a minus sign.

Note: For all the requirements, do not round intermediate calculations.

Answer is complete but not entirely correct.