A55 19 W Problem 1 December 31, 2012, Acme Company’s facilities were damaged by a fire, destroying the company’s direct material, w.i.p., and f. goods. Information that was ‘salvaged’ revealed the following: 1. Beginning inventory, January 1, 2012: DM, $64,000; WIP, $136,000; FG, $60,000. 2. Key ratios for the year: […]