Homework: Homework 1 Save Score: 2 of 6 pts 7 of 11 (10 complete) HW Score: 80%, 32 of 40 pts ) P2-43A (final answer) Data Table Superb Displays designs and manufactures displays used devices. Serious flooding throughout the region affected Superb Displays' facilities. Inventory was completely ruine company's computer system, including all accounting reco destroyed. (Click the icon to view additional information.) Raw materials, $80,000 Work in process, $214,000 Finished goods, $209,000 He remembers several schedules he learned in college that may help him get started. Ending raw materials inventory More Info Before the disaster recovery specialists clean the buildings, Marissa Bryant, 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 Tripp Mackey, the cost accountant. "I didn't know mud could smell so bad," Tripp 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," Tripp 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 $524,000 and that direct labor, manufacturing overhead (other than indirect materials), and total manufacturing costs to account for were $531,000; $229,000; and $1,515,000, respectively. Wait, and cost of goods available for sale was $1,515,000." "Great," says Marissa. "I remember that sales for the period were approximately $2.1 million. Given our gross profit of 30%, that's all you should need." Tripp is not sure about that, but decides to see what he can do with this information. Ending raw materials inventory $ Ending work in process inventory Ending finished goods inventory