28. Work-in-Process Inventory Journal Entries. The balance in Jansen Company's work-in-process inventory account was $300,000 at the beginning of March. Manufacturing costs for the month are as follows: $ 40,000 $ 70,000 Direct materials Direct labor Manufacturing overhead applied Cost of goods manufactured $ 200,000 $ 290,000 Required: a. Prepare separate journal entries to record the following items. (Hint: Use Figure 2.7 as a guide.) 1. Direct materials placed in production for the month 2. Direct labor used during the month, assuming employees will be paid next month 3. Manufacturing overhead applied for the month 4. Transfer of cost of goods manufactured to finished goods b. Prepare a T-account for work-in-process inventory and include the beginning balance for March. Post the appropriate items from the journal entries in part a to this account, and calculate the ending balance in work-in-process inventory