Lauras Holiday Styles has been busy in the month of November! It seems Lauras marketing efforts have paid off, as she has answered many calls to help decorate homes for the upcoming holidays. The company carries an inventory of decorative items in its store and then installs them in creative and fun ways. The MOH costs are fairly low, since the company has just a small space to hold the inventory. The applied MOH rate is $10 per direct labor hour. As of November 30, the company carries the following balances in its inventory accounts.

DM Inventory		$7,700
WIP Inventory		9,450
FG Inventory		0

During December, the following events occurred.

1.		Purchased direct materials costing $16,200 on account.
2.		Used $20,800 of direct materials for jobs.
3.		Paid direct labor wages for 142 hours of labor ($25/hr).
4.		Applied MOH cost to jobs.
5.		Actually incurred $3,600 in MOH costs.
6.		Completed all jobs by the end of the month.
7.		Billed clients $48,800 for jobs completed.
8.		Closed under- or overapplied MOH using the direct write-off method

Calculate the ending balances in all inventory accounts as of December 31.

		Ending Balances
DM Inventory		$3,100
WIP Inventory		$ ?
FG Inventory		$ ?