1) Boston Company has the following balances as of the year ended December 31,

2015.

Direct Materials Inventory $15,000Dr.

WIP Inventory 34,500Dr.

Finished Goods Inventory 49,500Dr.

Cost of Goods Sold 74,500Dr.

Additional information is as follows:

Cost of direct materials purchased during 2015 $41,000

Cost of direct materials requisitioned in 2015 47,000

Cost of goods completed during 2015 102,000

Factory overhead applied (120% of direct labour) 48,000

Underapplied factory overhead 4,000

Required:

a. Compute beginning direct materials inventory.

b. Compute beginning WIP inventory.

c. Compute beginning finished goods inventory.

d. Compute actual factory overhead incurred.