[madrid61]

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

Given data above calculate the following:
1.Finished Goods Inventory, 2/26/2009
2. Work-in-process inventory, 2/26/2009
3. Direct materials inventory, 2/26/2009

[morgaine300]

Please always start your own thread for your question instead of tagging onto someone else's. I've moved yours into its own thread.

Also please see the guidelines on posting homework:
https://www.askmehelpdesk.com/arts-l...-b-u-font.html
What attempts have you made to do the problem?
(And while you're at it, you might look up what "overhead is 40% of conversion costs" is supposed to mean. Conversion costs are direct labor and overhead. How can overhead be 40% of something that includes itself? That makes no sense.)