Please solve the above 3 questions. The example below is how we figured out similar problems before. Just for ease of understanding, I will write down all the abbreviations and their meaning.

RM: Raw Materials

WIP: Work In Progress

FG: Finished Goods

BB: Beggining Balance

EB: Ending Balance

DM: Direct Materials

IM: Indirect Materials

DL: Direct Labor

OH: OverHead

COGM: Cost Of Goods Manufactured

COGS: Cost Of Goods Sold

"Circle = Peanut" Refers to how the values in the dotted circles equal the values in the relevant dotted peanut.

This might be tough but I have faith Chegg knows a professional who can solve this one!!

Chapter 2-Cost of Good Manufactured Problem: Extra Problem #3 Data: Direct Materials Beginning Balance WIP Beginning Balance Finished Goods Beginning Balance $16,000 $34,000 $30,000 Direct Materials Purchased $160,000 $294,000 Prime Costs Gross Profit based on sales 20% Cost of Goods Available for Sale Sales $450,000 $500,000 $180,000 Direct Labor 40% of conversion costs Overhead (Using an actual system to apply overhead) 1. What is the ending balance in dirent materials? 2. What is the ending balance in WIP? 3. What is the ending balance in Finished Goods? OL 55 ( 40 15-46 5 6 @det usts(ndret) Misc)