Given the following information, compute the ending balances of the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory accounts:
Materials Inventory, beginning balance .......... $ 25,000
Work in Process Inventory, beginning balance ....... 5,750
Finished Goods Inventory, beginning balance ........ 38,000
Direct materials purchased ............... 85,000
Direct materials used .................. 74,000
Direct labor costs .................... 70,000
Overhead costs .................... 35,000
Cost of goods manufactured .............. 133,000
Cost of goods sold .................. 103,375