Raw material inventory1/1/2004 5,000

Raw material inventory12/31/2004 2,000

Direct labor charged to production during 2004 18,000

Factory overhead costs incurred during2004 15,000

Cost of goods manufactured for the year of2004 45,000

Work in process inventory,1/1/2004 5,000

Work in process inventtory12/31/2004 15,000

Finished goods inventory1/1/2004 15,000

Cost of goodssold 40,000

a. Determine the cost of material purchased

b. The cost of raw materials used during the year

c. The balance in the finished goods inventory account on dec.31, 2004