Balances at 12/31/2007:
Materials Inventory - 15,000.
WIP Inventory - 36,200.
Finished Goods Inv. - 50,100.
Man. Overhead (after allocation) - 74,500.
COGS - 74,500.
Cost of materials purchased during year - 41,000.
Cost of direct mat. requistioned in 2007 - 47,000.
Cost of indirect mat. requisitioned in 2007 - 8,000.
Cost of good completed in 2007 - 105,000.
Man. overhead allocated (120% of direct labor) - 31,000.

Calculate -
1. Jan. 1, 2007 materials inventory
2. Jan. 1, 2007 WIP inventory
3. Jan. 1, 2007 Finished goods inventory
4. Actual man. overhead incurred