Cost Flow in a Manuracturing Organization LO 3 SE4. Given the following information, compute the ending balances of the Materials Inventory, Work in Process Inventory, and Finished Goods Inventory accounts: Materials Inventory, beginning balance Work in Process Inventory, beginning balance Finished Goods Inventory, beginning balance 25,000 5,750 38,000 Direct materials purchased 85,000 Direct materials used 74,000 Direct labor costs 70,000 Overhead costs 35,000 Cost of goods manufactured Cost of goods sold 133,000 103,375