Bal. 1/1 Raw-Material Inventory 21,300 Bal. 12/31 36,000 Bal. 1/1 Direct material Direct labor Manufacturing overhead Bal. 12/31 Bal. 1/1 Bal. 12/31 Work-in-Process Inventory 17,000 19,000 Manufacturing Overhead 0 Wages Payable 147,000 2,000 Bal. 1/1 5,000 Bal. 12/31 Accounts Receivable 11,000 15,000 806,000 Accounts Payable 2,600 Bal. 1/1 136,500 1,000 Bal. 12/31 Finished-Goods Inventory Bal. 1/1 12,000 Bal. 12/31 20,000 Cost of Goods Sold 710,000 710,000 Sales Revenue 0