During January Year 2, the following transactions occurred: 1. Purchased materials on account, 125,000 . 2. Requisitioned total materials of $130,000, of which $8,000 was considered indirect materials. 3. Incurred wages payable, $105,000. 4. Assigned total wages payable, of which $15,000 was considered indirect labor. 5. Incurred other manufacturing overhead, $57,000. (Credit Accounts Payable.) 6 . Applied manufacturing overhead on the basis of 100% of direct labor costs. 7. Determined ending work-in-process, $14,000. Use this information to calculate the amount of WIP transferred to finished goods inventory (credit WIP). 8. Determined ending finished goods, $26,000. Use this information to calculate the cost of goods sold (credit FG inventory)