Rodman Company has the following balances as of December 31, 20×7.

Materials inventory $ 15 000 dr.

Work in process inventory 35,200 dr.

Finished goods inventory 50,100 dr.

Manufacturing overhead (after allocation) 3,500 dr.

Cost of goods sold 74,500 dr.

Additional information is as follows:

Cost of materials purchased during 20X7 $ 41,000

Cost of direct materials requisitioned in 20×7 47,000

Cost of indirect materials requisitioned in 20X7 8,000

Cost of goods completed in 20X7 105,000

Manufacturing overhead allocated (120% of direct labor) 51,000


a) January 1, 20X7, materials inventory

b) January 1, 20×7, work in process inventory

c) January 1, 20X7, finished goods inventory

d) Actual manufacturing overhead incurred