Ahlia Company has the following balances as of the year ended December 31, 2020.

Direct Materials Inventory $15,000 Dr.

WIP Inventory 34,500 Dr.

Finished Goods Inventory 49,500 Dr.

Factory Department Overhead 4,000 Dr.

Cost of Goods Sold 74,500 Dr.

Additional information is as follows:

Cost of direct materials purchased during 2020 $41,000

Cost of direct materials requisitioned in 2020 47,000

Cost of goods completed during 2020 102,000

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

Instructions:

1. Compute beginning direct materials inventory. (1 mark)
2. Compute beginning WIP inventory. (1 mark)
3. Compute beginning finished goods inventory. (1 mark)
4. Compute actual factory overhead incurred. (1 mark)