The Anthony Company, a sole proprietorship, reports the following information pertaining to its operating activities:

1. During the year, the company purchased $40,000 of direct materials and incurred $21,000 of direct labor costs. Total manufacturing overhead costs for the year amounted to $18,000. Selling and administrative expenses amounted to $60,000, and the company's annual sales amounted to $250,000.

a)Make Anthony's schedule of the cost of finished goods manufactured and

Ending Beginning Balance Balance Materials Inventory . . . .. $10,000 $40,000 Work in Process Inventory 29,000 60,000 Finished Goods Inventory . . . . 52,000 42,000