The Ryde and Rowe Inc. had the following account balances as of January 1: Direct Materials Inventory Work in Process Inventory Finished Goods Inventory Manufacturing Overhead 8,700 76,500 53,000 During the month of January,all f the following occurred 1. Direct labor costs were $48,000 for 1,800 hours worked 2. Direct materials costing $26,000 and indirect materials costing $3,900 were purchased. 3. Sales commissions of $16,500 were earned by the sales force. 4. $21,000 worth of direct materials were used in production. 5. Advertising costs of $6,300 were incurred 6. Factory supervisors earned salaries of $11,977 7. Indirect labor costs for the month were $3,000 8. Monthly depreciation on factory equipment was $4,500. 9. Utilities expense of $6,731 was incurred in the factory 10. Equipment with manufacturing costs of $69,000 were transferred to finished goods 11. Monthly insurance costs for the factory were $4,200 12. $5,000 in property taxes on the factory were incurred and paid 13. Equipment with manufacturing costs of $90,049 were sold for $163,726. Instructions a. Assume If Ryde and Rowe assigns manufacturing overhead of $34,400, what will be the balances in the Direct Materials, Work in Process, and Finished Goods Inventory accounts at the end of January? Direct materials inventory Work in process inventory Finished goods inventory