The Following Information Is Available for the Petree Corporation for Last

The following information is available for the Petree Corporation for last year:
-Raw materials inventory decreased $4,000 from the beginning of the year to the end of the year.
-Raw materials inventory on December 31 (end of year)was 50% of raw materials inventory on January 1 (beginning of year).
-Beginning work in process inventory was $145,000.
-Ending finished goods inventory was $65,000.
-Purchases of direct materials were $154,700.
-Manufacturing overhead was 50% of the cost of direct labor.
-Total manufacturing costs incurred were $246,400,80% of cost of goods manufactured and $156,000 less than cost of goods sold.
Compute:
a)Finished goods inventory on January 1 (beginning of year)
b)Work in process inventory on December 31 (end of year)
c)Direct labor incurred
d)Manufacturing overhead incurred
e)Direct materials used
f)Raw materials inventory on January 1 (beginning of year)
g)Raw materials inventory on December 31 (end of year)
Note to students: The solutions to this problem are not necessarily calculated in alphabetical order.