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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
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
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