43. (Journal entries) Canton Refrigeration uses a job order costing system based on actual costs. The following transactions relate to a single period in which the beginning Direct Material Inventory was $10,000, Work in Process Inventory was $25,000, and Finished Goods Inventory was $21,000.

• Direct material purchases on account were $70,000.

• Direct labor cost for the period totaled $75,500 for 8,000 direct labor hours.

• Actual overhead costs were $72,000.

• Actual overhead is applied to production based on direct labor hours.
• The ending inventory of Direct Material Inventory was $3,000.
• The ending inventory of Work in Process Inventory was $10,500.
• Of the goods finished during the period, goods costing $95,000 were sold for $133,000.
Prepare all journal entries for the above transactions and determine the ending balance in Finished Goods Inventory.