5. Wayland Wayland Manufacturing uses a normal cost system and had the following data available for 2018: Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost of goods manufactured Cost of goods sold Beginning direct materials inventory Beginning WIP inventory $ 148,000 82,000 130,000 146,000 292,000 256,000 26,000 64,000 58,000 Beginning finished goods inventory Overhead application rate, as a percent of direct-labor costs (A) The ending balance of direct materials inventory is: (B) The ending balance of work-in-process inventory is: 125 percent