Super Displays designs and manufactures displays used in mobile devices. Serious flooding throughout North Carolina affected Super Displays' facilities. Inventory was completely ruined, and the company's computer system, including all accounting records, was destroyed. Before the disaster recovery specialists clean the buildings. Maggie Anderson, the company controller, is anxious to salvage whatever records she can to support an insurance claim for the destroyed inventory. Shy is standing in what is left of the Accounting Department with Tad Martinez, the cost accountant. "I didn't know mud could smell so bad, " Tad say. "What should I be looking for?" "Don't worry about beginning inventory numbers, " responds Maggie. "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, " Tad 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 exist520, 000 and that direct labor, manufacturing overhead (other than indirect materials), and total manufacturing costs to account for were exist551, 000:exist234, 000:and exist1, 523, 000, respectively. Wait, and cost of goods available for sale was exist1, 67, 000." "Great, " says Maggie. "I remember that sales for the period were approximately exist1.7 million. Given our gross profit of 30%, that's all you should need." Raw materials, exist80, 000 Work in process, exist190, 000 Finished goods, exist187, 000 He remembers several schedules he learned in college that may help him get started