The following information is available for the Blizzard Corporation for 20X

The following information is available for the Blizzard Corporation for

20X3:

Af?o Materials inventory decreased $4000 during 20X3.

Af?o Materials inventory on December 31 20X3 was 50% of materials

inventory on January 1 20X3.

Af?o Beginning work in process inventory was $140000.

Af?o Ending finished goods inventory was $65000.

Af?o Purchases of direct materials were $150000.

Af?o Direct materials used were 2.5 times the cost of direct labor.

Af?o Manufacturing overhead was 50% of the cost of direct labor.

Af?o Total manufacturing costs incurred were $246400 80% of cost of

goods manufactured and $150000 less than cost of goods sold.

Compute:

a) finished goods inventory on January 1 20X3

b) work in process inventory on December 31 20X3

c) direct labor incurred

d) manufacturing overhead incurred

e) direct materials used

f) materials inventory on January 1 20X3

g) materials inventory on December 31 20X3