If you started with a beginning raw materials inventory of $12,000 ($8 a bag), $5,000 WIP, and no Finished Goods Inv. You purchased 200 bags of sand at $12 a bag. During the period $2,300 worth of raw materials was transferred to WIP. 50% of the overall balance (beg + transfer in) in WIP was completed throughout the period. What are your balances in $ for each respective inventory account.

Raw Materials =

WIP (Work in Process) =

Finished Goods=