Find the ending account balances for the following scenarios a. During the current year, the cost of direct materials purchased by a manufacturing firm was $340,000, and the direct materials inventory at the end of the year was $65,000. What was the cost of direct materials used during the year presuming the manufacturing firm did not have a carryover balance of materials purchased from the prior year? b. A company that assembles trucks produces 60 trucks during the current year and incurs $4.5 million of material, labor, and overhead costs. Fifty-three trucks were sold during the year and each is allocated the same amount of costs. How much of the $4.5 million assembly costs should appear on the company's income statement for the current year? C. Hula's Heavyweights, Inc., is a company that manufactures forklifts. During the year, Hula's purchased $1,450,000 of direct materials and placed $1,500,000 worth of direct materials into production. Hula's beginning balance in the Materials Inventory account was $320,000. What is the ending balance in Hula's Materials Inventory account