Accounting records for Antoinette Designs (AD) for November show the following (each entry is the total of the actual entries for the account for the month): Account Titles Debit Credit Work-in-Process Inventory (Direct Labor) 7,720 Wages Payable 7,720 Direct Materials Inventory 123,430 Accounts Payable Finished Goods Inventory Work-in-Process Inventory 123,430 138,100 138,100 Cost of Goods Solda Finished Goods Inventory 143,165 143,165 *This entry does not include any over- or underapplied overhead. Over- or underapplied overhead is written off to Cost of Goods Sold once for the month. For November, the amount written off was 5 percent of overhead applied for November. Overhead is applied on the basis of direct labor costs. The Work-in-Process Inventory ending account balance on November 30 was 125 percent of the beginning balance. The Direct Materials Inventory ending balance on November 30 was $3,550 less than the beginning balance. The Finished Goods Inventory beginning balance on November 1 was $21,120. The September income statement shows revenues of $220,000 and a gross profit of $77,800. Dequired.