Problem 4 Selected accounts with some amounts omitted (x) are as follows: Work-in-Process Aug.1 Aug. 31 Balance 325,000 Aug. 31 Finished goods 1,120,000 Direct materials X Aug. 31 Direct labor 390,000 Aug. 31 Factory overhead X Aug.1-31 Costs incurred Factory overhead 160,000 Aug. 1 Aug. 31 Balance 20,000 Applied X $290,000 The balance of Work in Process on August 31 is: Required: A. What was the amount debited to Work in Process for factory overhead in August, assuming a factory overhead rate of 30% of direct labor costs? Applied factory overhead: B. What was the amount debited to Work in Process for direct materials in August? BWIP + DM + DL + FOH - EWIP = COGM (i.e., cost transferred to finished goods) DM=