Campbell Corporation began fiscal Year 2 with the following balances in its inventory accounts. Raw Materials Work in Process Finished Goods $54,300 84,000 27,500 During the accounting period, Campbell purchased $238,800 of raw materials and issued $249,600 of materials to the production department. Direct labor costs for the period amounted to $322,100, and manufacturing overhead of $47,700 was applied to Work in Process Inventory. Assume that there was no over- or underapplied overhead. Goods costing $611,400 to produce were completed and transferred to Finished Goods Inventory. Goods costing $600,800 were sold for $802,000 during the period. Selling and administrative expenses amounted to $71,700. Required a. Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet. b. Prepare a schedule of cost of goods manufactured and sold and an income statement. Complete this question by entering your answers in the tabs below. Req B CGM Req B Inc Req A Sched Stmt Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet. Ending Balance Raw materials Work in process Finished goods