i need help with the last question... What effect on finished goods calculated in Requirement 1, assuming the other two departments have no ending WIP?

Cost Flows Lamont Company produced 80,000 machine parts for diesel engines. There were no beginning or ending work-in-process Inventories in any department. Lamont incurred the following costs for May Molding Grinding Finishing Department Department Department Direct materials $12,000 $5,300 $8,000 Direct labor 10,000 8,500 12,000 Applied overhead 17,000 14,000 11,000 Required: 1. Calculate the costs transferred out of each department. Costs Transferred Out Molding 39,000 Grinding 66,800 Finishing 97,800 2. Prepare the journal entries corresponding to these transfers. Also, prepare the journal entry for Grinding that reflects the costs added to the transferred-in goods received from Molding. For a compound transaction, if an amount box does not require an entry, leave it blank. Transfer entries: Work in Process-Grinding 39,000 Work in Process-Molding 39,000 66,800 Work in Process-Finishing Work in Process-Grinding 66,800 97,800 Finished Goods Work in Process-Finishing 97,800 Cost-added entry (Grinding only): Work in Process-Grinding Materials Payroll Overhead Control 27,800 o 0 5,300 o 8,500 0 14,000 Feedback 3. What if the Grinding Department had an ending WIP of $12,000? Calculate the cost transferred out. 54,800 3. What if the Grinding Department had an ending WIP of $12,000? Calculate the cost transferred out. 54,800 Feedback Provide the journal entry that would reflect this transfer. Work in Process-Finishing 54,800 Work in Process-Grinding 54,800 Feedback What is the effect on finished goods calculated in Requirement 1, assuming the other two departments have no ending WIP? Decreased by s Fresh