Question 17 (1 point) Duo Company has beginning inventory balances of $100,000 for raw materials inventory, $40,000 for work in process inventory, and $700,000 for finished goods inventory. During the period, Duo purchased $140,000 worth of materials and placed $170,000 worth of materials into production. Duo incurred $400,000 in direct labor costs and applied $150,000 in overhead during the period. The cost of goods completed during the period was $745,000 and the cost of goods sold to customers during the period was $780,000. What is Duo's ending balance for FINISHED GOODS INVENTORY? $735,000 $700,000 $665,000 $745,000