7 of 11 (6 complete) He devices. Serious flooding throughout letely ruined, and the company's computer The beginning inventory numbers are as fol E: (Click the icon to view beginning invento i More Info Before the disaster recovery specialists clean the buildings, Marissa Anderson, the company controller, is anxious to salvage whatever records she can to support an insurance claim for the destroyed inventory. She is standing in what is left of the Accounting Department wtih Tad Nelson, the cost accountant. "I didn't know mud could smell so bad." Tad says. "What should I be looking for?" "Don't worry about beginning inventory numbers," responds Marissa. "We'll get them from last year's annual report. We need first-quarter cost data." "I was working on the first-quarter results just before the storm hit." Tad says. "Look, my report's still in my desk drawer. But all I can make out is that for the first quarter, material purchases were $533,000 and that direct labor, manufacturing overhead (other than indirect materials), and total manufacturing costs to account for were $518,000: $194,000; and $1,491,000, respectively. Wait, and cost of goods available for sale was $1,615,000.- "Great." says Marissa. "I remember that sales for the period were approximately $1.7 million Given our gross profit of 15%, that's all you should need." Tad is not sure about that, but decides to see what he can do with this information. Print Done Done Answer. Clear All 25 7 of 11 (6 complete) devices. Serious flooding throughout tely ruined, and the company's computer The beginning inventory numbers are as fc (Click the icon to view beginning inven Requirement Determine the ending inventories of raw ma Materials Inventory contains only direct mat Data Table Raw materials, $98,000 Work in process, $214,000 Finished goods, $194,000 He remembers several schedules he learned in college that may help him get started Print Done Answer. Clear All Requirement Determine the ending inventories of raw materials, work in process, and finished goods. Assume that Raw Materials Inventory contains only direct materials