Rumor Manufacturing Co. makes customized vans. Rumor employs a normal job-order costing system with overhead allocated based on direct labor hours and started the month of January with no inventories at all. During the month, work was started on three vans, Vans 1, 2, and 3. The following information is given: (a) Budgeted manufacturing overhead for January: $30,000 (b) Budgeted direct-labor hours for January: 5,000 hours (c) Direct materials purchased in January: $400,000 (d) Direct materials placed into production in January: Van 1: $100,000 Van 2: $50,000 Van 3: $75,000 (e) Direct labor hours worked in January: Van 1: 1,800 hours Van 2: 2,400 hours Van 3: 1,800 hours (f) Actual manufacturing overhead incurred in January: $37,500 (g) Actual direct labor cost per hour in January: $10 Van 1 was completed and transferred to finished goods but not sold at the end of the month, Van 2 was completed and sold during the month, and Van 3 was not finished at the end of the month. a. What is the value of the direct materials inventory at the end of January? b. What is the value of the WIP inventory at the end of January? c. What is cost of goods sold for January?