Reference no: EM132795246

Boston Company has the following balances as of the year ended December 31, 2015.

Direct Materials Inventory $15,000 Dr.

WIP Inventory 34,500 Dr.

Finished Goods Inventory 49,500 Dr.

Cost of Goods Sold 74,500 Dr.

Additional information is as follows:

Cost of direct materials purchased during 2015 $41,000

Cost of direct materials requisitioned in 2015 47,000

Cost of goods completed during 2015 102,000

Factory overhead applied (120% of direct labour) 48,000

Underapplied factory overhead 4,000

Problem a. Compute beginning direct materials inventory.

Problem b. Compute beginning WIP inventory.

Problem c. Compute beginning finished goods inventory.

Problem d. Compute actual factory overhead incurred.