Qualitative Analysis summary addressing the required qualitative analysis, as noted in the Student Workbook.Raw

materials

inventory

beginning

balance

$25,000

Raw

materials

inventory

ending

balance

$19,000

Work-in-process

inventory

beginning

balance

$1,645,000

Work-in-process

inventory

ending

balance

$1,795,000

Finished

goods

inventory

beginning

balance

$1,225,000

Finished

goods

inventory

ending

balance

$1,045,000

Raw

material

purchases

$295,000

Direct

labor

used

in

production

$370,000

Manufacturing

overhead

$1,885,000

Selling

costs

$265,000

General

and

administrative

$715,000

Sales

revenue

$3,790,000

Indirect

Materials

included

in

Raw

Materials

placed

in

production

$31,000