The Duggart Company had the following transactions and events during its first year of operations. Estimated overhead for the year was $770,000; Estimated direct labor cost for the year was $350,000.

a. Purchased materials on account, $567,00.

b. Requistioned materials for production as follows: direct materials- 85% of purchases, indirect matrials- 12% of purchases.

c.Direct labor for production is $331,000, indirect labor is $125,000.

d.Overhead incurred (not including materials or labor): $529,000.

e.Overhead is applied to production based on direct labor cost at the rate of _.

f. Good costing $976,000 were completed during the period.

g. Good costing 4513,200 were sold on account for $776,000.

Required:

Determined the ending balance for :

(a) Materials Inventory

(b) Work-In-Process

(c) Finished Goods Inventory