Accounting records for NIC Enterprises (NICE) for September show the following (each entry is the total of the actual entries for the account for the month). Account Titles Work-in-Process Inventory (Direct Labor) Wages Payable Direct Materials Inventory Accounts Payable Finished Goods Inventory Work-in-Process Inventory Cost of Goods Solda Finished Goods Inventory Debit 100,000 Credit 100,000 1,117,000 1,117,000 1,800,000 1,800,000 1,740,000 1,740,000 This entry does not include any over- or underapplied overhead. Over-or under applied overhead is written off to Cost of Goods Sold once for the month. For September, the amount written off was 2 percent of overhead applied for September. Overhead is applied on the basis of direct labor costs. The Work-in-Process ending account balance on September 30 was 180 percent of the beginning balance. The direct material ending inventory balance on September 30 was $37,000 less than the beginning balance. The finished goods beginning balance on September 1 was $208,000. The September income statement shows revenues of $2,900,000 and a gross profit of $1,179,000.