Crane Corp. designs and manufactures mascot uniforms for high school, college, and professional sports teams. Since each team's uniform is unique in color and design. Crane uses a job order costing system. On January 1 , the T-accounts for some of Crane's primary balance sheet accounts were as follows: During the year, the following events occurred: 1. Crane purchased raw materials costing $112,000 on account. 2. Crane used $149.300 of raw materials in production. Of these, 80% were classified as direct materials and 20% as indirect materials. (Crane maintains a single Raw Materials Inventory account.) 3. Crane used 31,000 hours of direct labor. The company's average direct labor rate was $11 per hour (credit Wages Payable). 4. The company's indirect labor cost was $168,000 (credit Wages Payable). 5. Other manufacturing overhead costs the company incurred on account totaled $94,400. 6. Crane applied $316,800 in manufacturing overhead. 7. The company completed production of goods costing $795,400. 8. The company's Cost of Goods Sold balance was $801,300 before adjusting for over-or underapplied overhead. 9. Sales revenue was $1,040,000 (all sales were made on account). 10. Crane collected $803,200 from customers. 11. The company paid accounts payable of $201,300. 12. At year-end, all wages earned during the year had been paid. Record the transactions above in the appropriate T-accounts and calculate ending balances. (Post entries in order presented in the problem.) Work in Process Inventory Finished Goods Inventory Cost of Goods Sold Manufacturing Overhead Cash Wages Payable Sales Revenue