Given the following data, calculate the following:

1. Work-in-process inventory, 2/26/2009
2. Finished Goods Inventory, 2/26/2009
3. Direct materials inventory, 2/26/2009

The data blow is from the period of 1/1/2009 - 2/26/2009.

Direct Materials Purchased $ 160,000
Work-in-process inventory, 1/1/2009 $ 34,000
Direct materials inventory , 1/1/2009 $ 16,000
Finished goods inventory, 1/1/2009 $ 30,000
Manufacturing overhead costs 40% of conversion costs
Revenues $ 500,000
Direct manufacturing labor $ 180,000
Prime costs $ 294,000
Gross margin percentage based on revenues 20%
Cost of goods available for sale $ 450,000

I have a few other accounting based questions I really need to get answered tonight... so if anyone is up to it I really need the help.

Sorry, just realized this was posted in the wrong forum. I'm just unsure as of how to even go about this problem as it seems like its lacking sufficient data.

All you need to remember is the definitions:
Prime Cost = Direct Materials Used + Direct Labor
Conversion costs = Direct labor + Overheads
Cost of Goods sold = Sales - Gross margin

Now prepare a skeleton statement of cost of goods manufactured and sold. Fill in the appropriate columns.

You must show your workings for further guidance