Madison Ford Co. uses a job order cost system and had the following data available for the year: Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost of goods completed Cost of goods sold P74,000 41,000 65,000 73,000 146,000 128,000 13,000 32,000 29,000 125% of DLC 16. The ending inventory of direct materials, work in process and finished goods is. Beginning direct materials inventory Beginning work in process inventory Beginning finished goods inventory Overhead application rate