3. Process Costing - Balance Sheet accounts, ending balances: Frozen Britain, Corp. makes ice cream sandwiches in sequential processes, mixing and freezing. It uses process costing to account for production costs during each period. The following is information obtained from the source documents for Frozen Britain for the month of December: Raw materials purchased (direct and indirect) Raw materials inventory (direct and indirect), beginning balance Direct materials used - Mixing Department Direct materials used Freezing Department Direct labor used - Mixing Department Direct labor used Freezing Department Applied Overhead - Mixing Department (@120% of department DL costs) Applied Overhead - Freezing Department (@120% of department DL costs) Indirect materials used Indirect labor used Other Factory overhead costs - Actual (e.g. factory rent, factory utilities) Work in process (WIP) inventory, beginning balance - Mixing Department Work in process (WIP) inventory, beginning balance - Freezing Department Costs assigned to units completed and transferred out of Mixing Department to the Freezing Department Finished goods inventory, beginning balance Costs assigned to units completed and transferred out of Freezing Department to Finished Goods Cost of goods sold Sales $1,492,042 $91,440 $813,577 $588,033 $910,310 $676,400 $1,092,372 $811,680 $37,122 $51,793 $1,815,150 $129,238 $141,633 $2,819,689 $107,129 $4,883,911 $4,890,468 $6,422,050 Using all of the information given above, determine the December 31st ending balances of each the firm's inventory accounts listed (you must show all of your work, either using formulas/calculations or T-accounts): a. Raw Materials Inventory b. WIP Inventory-Mixing department C. WIP Inventory-Freezing department d. Finished Goods Inventory