The following information about Highmoon Manufacturing Co. is available for the year ended December 31, 2011:

Direct materials used	$400,000
Direct materials purchased	$420,000
Direct Labour cost assigned to production	$130,000
Wages paid to direct workers	$120,000
Manufacturing cost assigned to production	$190,000
Cost of finished goods manufactured	$750,000

Inventories at the beginning and end of the year were as follows:

	Dec.31	Jan.1
Materials	$55,000	?
Work In Process	?	$60,000
Finished Goods	$45,000	$65,000

1）Prepare and Complete the Work In Process Account

2）Calculate the total amount of inventory that should appear in the company’s balance sheet at December 31, 2011 .

3）Calculate the total manufacturing costs charged to the Work in Process Inventory account during 2011 .

4）Calculate the total manufacturing costs deducted from revenue in 2011.

5）Calculate the balance in the Materials Inventory account at the beginning of 2011: