(Journal entries) Rutherford Custom Concrete uses a job order costing system based on actual costs. The following transactions relate to a single period in which the beginning inventory of Direct Material Inventory was $30,000, of Work in Process Inventory was $75,000, and of Finished Goods Inventory was $63,000.

■ Direct material purchases on account were $210,000.

■ Direct labor cost for the period totaled $197,500 for 25,000 direct labor hours.

■ Actual overhead costs were $172,000.

■ Actual overhead is applied to production based on direct labor hours.

■ The ending inventory of Direct Material Inventory was $12,000.

■ The ending inventory of Work in Process Inventory was $32,000.

■ Of the goods finished during the period, goods costing $295,000 were sold for $383,000.

Prepare all journal entries for the above transactions and determine the ending balance in Finished Goods Inventory.

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