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The following information is available for Carter Corporation: Materials inventory decreased $ 4 , 0 0 0 . Materials inventory on December 3 1 was

The following information is available for Carter Corporation:
Materials inventory decreased $4,000.
Materials inventory on December 31 was 50% of materials inventory on January 1.
Beginning work in process inventory was $145,000.
Ending finished goods inventory was $65,000.
Purchases of direct materials were $154,700.
Direct materials used were 2.5 times the cost of direct labor.
Total manufacturing costs incurred were $246,400, which is 80% of cost of goods manufactured and $156,000 less than cost of goods sold.
Note to students: The answers are not necessarily calculated in alphabetical order.
a. Compute finished goods inventory on January 1.
$
b. Compute work in process inventory on December 31.
$
c. Compute direct labor incurred.
$
d. Compute factory overhead incurred.
$
e. Compute materials inventory on January 1.
$
f. Compute materials inventory on December 31.
$
g. Compute direct materials used.
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