Concord Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Concord uses a job order costing system. On September 1, the company reported the following inventory balances: Direct Materials $ 8,500 Work in Process $ 33,200 Finished Goods $ 52,000 During September, the following events occurred: 1. 2. 3. 4. Concord purchased direct materials costing $ 384,000 on account. Concord used $ 376,000 in direct materials in production. Concord's employees clocked 20,000 direct labor hours at an average wage rate of $ 12 per direct labor hour. The company incurred $ 428,000 in manufacturing overhead, including $77,200 in indirect labor costs. Using direct labor hours as the application base, the company applied $ 420,000 of manufacturing overhead to jobs worked on in September The company completed production on jobs costing $ 1,040,000. The company delivered jobs costing $ 990,000 to customers. 5. 6. 7. ( (a) Calculate the ending September balance of the Direct Materials, Work in Process, and Finished Goods Inventory accounts. Ending September Balance $ Direct Materials $ Work in Process Finished Goods $ e Textbook and Media