1)Boston Company has the following balances as of the year ended December 31, 2015.

Direct Materials Inventory$15,000 Dr.

WIP Inventory34,500 Dr.

Finished Goods Inventory49,500 Dr.

Cost of Goods Sold74,500 Dr.

Additional information is as follows:

Cost of direct materials purchased during 2015$41,000

Cost of direct materials requisitioned in 201547,000

Cost of goods completed during 2015102,000

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

Underapplied factory overhead4,000

Required:

a.Compute beginning direct materials inventory.

b.Compute beginning WIP inventory.

c.Compute beginning finished goods inventory.

d.Compute actual factory overhead incurred.