Amtrat Chemicals has the following balances (in millions) on December 31, 2011:

Factory overhead applied $850

Cost of goods sold 950

Factory overhead incurred 835

Direct-materials inventory 28

Finished-goods inventory 130

WIP inventory 720

The cost of goods completed was $940. The cost of direct materials requisitioned for production during 2011 was $270. The cost of direct materials purchased was $290. Factory overhead was applied to production at a rate of 170% of direct labour cost.

Compute the beginning inventory balances of direct materials, WIP (work-in-process), and finished goods. Make these computations before considering any possible adjustments for overapplied or underapplied overhead.

Begin by computing the beginning direct materials inventory balance by completing the table below. (Leave any unused cells blank.)

			(In millions)
Ending direct-materials inventory
Add:
Deduct:
Beginning direct-materials inventory

Next, compute the beginning balance of the work-in-process inventory account by completing the table below. (Leave any unused cells blank.)

			(In millions)
Ending work-in-process inventory
Add:
Deduct:
Beginning work-in-process inventory

Now compute the beginning finished goods balance by completing the table below. (Leave any unused cells blank.)

			(In millions)
Ending finished-goods inventory
Add:
Deduct:
Beginning finished-goods inventory