What is the materials inventory, work in process inventory

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Reference no: EM13173264

Boone Company has the following balances as of December 31, 2009. Material Inventory $15,000 Work in process inventory $36,200 Finished goods inventory $50,100 Manufacturing overhead debit balance (after allocation) $3,500 Cost of goods sold $74,500 Additional information is as follows:

Cost of materials purchased during 2009 $41,000

Cost of direct materials requisitioned during 2009 $ 47,000

Cost of indirect materials requisitioned during 2009 $ 8,000

Cost of goods manufactured during 2009 $105,000

Manufacturing overhead allocated (120% of direct labor) $51,000 Direct Labor Incurred $42,500

What is the materials inventory, work in process inventory, finished goods inventory and actual manufacturing overhead incurred for Boone Company January 1, 2009?

Reference no: EM13173264

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