The following events took place for Focault Inc. during July 20Y2, the first month of operations as a producer of road bikes:

• Purchased $320,000 of materials
• Used $275,000 of direct materials in production
• Incurred $236,000 of direct labor wages
• Applied factory overhead at a rate of 75% of direct labor cost
• Transferred $652,000 of work in process to finished goods
• Sold goods with a cost of $630,000
• Sold goods for $1,120,000
• Incurred $252,800 of selling expenses
• Incurred $100,000 of administrative expenses

Determine the inventory balances at the end of the first month of operations.

Materials inventory, July 31 =

Work in process inventory, July 31 =

Finished goods inventory, July 31 =