Joseph Co. pulled the following information from its record for fiscal year 2015. Manufacturing overhead is allocated at a rate of 120% of Direct Labor cost. (Do not worry about closing Manufacturing overhead.) All information given and asked of you is prior to closing Manufacturing overhead.

Raw Materials Purchases (includes DM and IM)	$82,000
Direct Materials used	$94,000
Indirect Material Used	$5,000
Cost of Goods Manufactured	$204,000
Manufacturing allocated to jobs	$96,000
Cost of Goods Sold	$149,000
Indirect Labor Used	$35,000
Under-allocation of Manufacturing Overhead	$8,000

Additionally, the following general ledger balances were given:

Raw Materials Inventory as of 1/1/2015	$30,000
Work in Process as of 1/1/2015	$10,000
Finished Goods Inventory as of 12/31/2015	$60,000

Compute the following:

A. What is the 12/31/2015 Raw Material Inventory Balance? ____________

B. What is the 12/31/2015 Work in process Inventory Balance? ____________

C. What is the 1/1/2015 Finished Good Inventory Balance? ____________

D. What is the 1/1/2015 Cost of Goods Sold? ____________

E. Other manufacturing overhead costs incurred during the year besides those listed above? ___________