Chapter 9 Rogers Company had inventories at the beginning and end of 2016 as follows: December 31, 2016 January 1, 2016 $49,000 Raw materials inventory $63,000 Work-in-process inventory 106,400 84,000 Finished goods inventory 42,000 91,000 During 2016, Rogers Company purchased direct materials of $560,000, incurred direct labor costs of $280,000, and applied manufacturing overhead of $462,000 to production. Show the flow of costs through the company's inventory account during 2016 by filing in the charts below. You will need to calculate some of the missing numbers. Direct materials inventory: Beginning direct materials inventory + Purchases of direct materials = Cost of direct materials available for use - Direct materials issued into production = Ending direct materials inventory Work-in-process inventory: Beginning work-in-process inventory + Direct materials issued into production + Direct labor used in production + Applied manufacturing overhead = Cost of goods in process - Cost of goods manufactured = Ending work-in-process inventory Finished goods inventory: Beginning finished goods inventory + Cost of goods manufactured = Cost of goods available for sale - Cost of goods sold = Ending finished goods inventory