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Answer the Following Questions Using the Information Below:
Cronulla Products

question 315

Multiple Choice

Answer the following questions using the information below:
Cronulla Products uses a normal cost system and had the following data available for 2018:
 Direct materials purchased on account $74000 Direct materials requisitioned 41000 Direct labour cost incurred 65000 Factory overhead incurred 73000 Cost of goods completed 146000 Cost of goods sold 12800013000 Be ginning direct materials inventory 32000 Beginning WIP inventory 29000 Beginning firished goods inventory  Overhead application rate, 125 percent \begin{array} { l c } \text { Direct materials purchased on account } & \$ 74000 \\\text { Direct materials requisitioned } & 41000 \\\text { Direct labour cost incurred } & 65000 \\& \\\text { Factory overhead incurred } & 73000 \\\text { Cost of goods completed } & 146000 \\\text { Cost of goods sold } & 128000 \\& \\& 13000 \\\text { Be ginning direct materials inventory } & 32000 \\\text { Beginning WIP inventory } & 29000 \\\text { Beginning firished goods inventory } & \\\text { Overhead application rate, } & 125 \text { percent }\end{array}
-The ending balance of direct materials inventory is:

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