The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 115,200 139,200 117, 120 December 31 (Ending) $ 141,600 134,400 108,000 Direct materials purchased during the year amount to $717,600, and the cost of goods sold for the year was $2,606,880 Required: The following balances are from the accounts of Crabtree Machining Company Direct materials inventory Work-in-process inventory Finished goods inventory January 1 (Beginning) $ 115,200 139,200 117, 120 December 31 (Ending) $ 141,600 134,400 108,000 Direct materials purchased during the year amount to $717,600, and the cost of goods sold for the year was $2,606,880 Required