1) Mcie Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year: Beginning inventories: Raw materials $33,000 Work in process $20,000 Finished goods $35,000 $567,000 Estimated total manufacturing overhead at the beginning of the year Estimated direct labor-hours at the beginning of the year 36,000 direct labor- hours Results of operations: Raw materials purchased on account $ 497,000 $452,000 Raw materials (all direct) requisitioned for use in production Direct labor cost $591,000 Actual direct labor-hours 45,000 direct labor- hours Manufacturing overhead: Indirect labor cost $ 124,000 $598,000 Other manufacturing overhead costs incurred Cost of goods manufactured $1,557,000 Required: a. What is the ending balance in Raw Materials ? b. What is the ending balance in Work in Process