The financial records for the Custom Shoe Company have been destroyed in a flood. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts.

Direct Materials Inventory Beg. Bal. 5,000 Transferred Out Purchases End. Bal. 6,400 Cost of Goods Sold 62,000 Work-in-Process Inventory Beg. Bal. 7,500 Transferred Out Materials 24,000 Labor 14,500 Overhead 12,000 End. Bal. Finished Goods Inventory Beg. Bal. Transferred Out Transferred in 49,500 End. Bal. 5,800