Luke Howard recently took over as the controller of Hinton Brothers Manufacturing. Last month, the previous controller left the company with little notice and left the accounting records in disarray. Luke needs the ending inventory balances to report first-quarter numbers. For the previous month (March 2020) Luke was able to piece together the following information: 170,000 32,000 15,000 200,000 Direct materials purchased $ Work-in-process inventory, March 1, 2020 $ Direct materials inventory, March 1, 2020 $ Finished goods inventory, March 1, 2020 $ Conversion costs $ Total manufacturing costs added during the period $ Cost of goods manufactured Gross margin as a percentage of revenues Revenues $ 270,000 380,000 3 times direct materials used 20% 400,000 Calculate the cost of: 1. Finished goods inventory, March 31, 2020 2. Work-in-process inventory, March 31, 2020 3. Direct materials inventory, March 31, 2020