please help ti calculate Direct labor, WIP beginning and Finished goods in the end of year.

2 Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [L06] company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials): $215,000 $260,000 Selling expenses ....... Purchases of raw materials .............. Direct labor. .............. . .. Administrative expenses ........ Manufacturing overhead applied to work in process..... Total actual manufacturing overhead costs... . $160,000 $340,000 $350,000 Inventory balances at the beginning and end of the year were as follows: Raw materials ....... Work in process... Finished goods ..... Beginning of Year $50,000 ? $30,000 End of Year $40,000 $33,000 ? The total manufacturing costs for the year were $675,000; the cost of goods available for sale totaled $720,000; the unadjusted cost of goods sold totaled S665,000; and the net operating income was $35.000. The company's overapplied or underapplied overhead is closed entirely to cost of goods sold. Required: Schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the sched ule of cost of goods manufactured.) Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning*........... Add: Purchases of raw materials * .............. Total raw materials available ............. Deduct: Raw materials inventory, ending*... Raw materials used in production ............. Direct labor. Manufacturing overhead applied to work in process inventory*. Total manufacturing costs* ............... Add: Beginning work in process inventory ....... $ 50,000 from data +260,000 310,000 40,000 = 270,000 + 65,000 ? - +340,000 - 675,000 48,000 723,000 33,000 $690,000 Deduct: Ending work in process inventory* ..... Cost of goods manufactured. 2. Cost of Goods Sold Finished goods inventory, beginning*............... Add: Cost of goods manufactured ................ Cost of goods available for sale*............ Deduct: Finished goods inventory, ending ....... Unadjusted cost of goods sold*. Add: Underapplied overhead. Adjusted cost of goods sold........ $ 30,000 690,000 720,000 55,000 - 665,000 10,000 $675,000