Finch Corporation began fiscal Year 2 with the following balances in its inventory accounts. Raw Materials $55,700 82,100 27,600 Work in Process Finished Goods During the accounting period, Finch purchased $239,900 of raw materials and issued $248,500 of materials to the production department. Direct labor costs for the period amounted to $322,800, and manufacturing overhead of $46,200 was applied to Work in Process Inventory. Assume that there was no over- or underapplied overhead. Goods costing $610,700 to produce were completed and transferred to Finished Goods Inventory. Goods costing $601,900 were sold for $800,200 during the period. Selling and administrative expenses amounted to $71,800. Required a. Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet. b. Prepare a schedule of cost of goods manufactured and sold and an income statement. Complete this question by entering your answers in the tabs below. Req A Req B CGM Sched Req B Inc Stmt Determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet. Ending Balance Raw materials Work in process Finished goods Req B CGM Sched