Raw materials, $ 98000 work in process. $226,000 finished goods, $204,000

Grand designs and manufactures displays used in mobile devices. Serious flooding throughout North CarolinaNorth Carolina affected Grand DisplaysGrand Displays' facilities. Inventory was completely ruined, and the company's computer system, including all accounting records, was destroyed.

Todd is not sure about that, but decides to see what he can do with this information. The beginning inventory numbers are as follows:

Before the disaster recovery specialists clean the buildings, kaylee, the companycontroller, 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 Todd

"I didn't know mud could smell so bad," todd says,"What should I be looking for?"

"Don't worry about beginning inventory numbers," kaylee responds

"We'll get them from lastyear's annual report. We need first-quarter cost data."

"I was working on the first-quarter results just before the storm hit, todd 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 $530,000 that direct labor, manufacturing overhead (other than indirectmaterials), and total manufacturing costs to account for were $528,000;$208,000; and $1,508,000, respectively. Wait, and cost of goods available for sale was $1,670,000.

I remember that sales for the period were approximately $1.8 million. Given our gross profit of 15%,that's all you should need.

RequirementHe remembers several schedules he learned in college that may help him get started

Determine the ending inventories of raw materials, work in process, and finished goods. Assume that Raw Materials Inventory contains only direct materials.

begining raw meterial inventory	?
Plus : purchase of direct material	?
direct Material available for use	?
Less: ending Raw Material inventory	?
Raw Material used	$