The Turner Manufacturing Company has developed the following information for the year ended December 31, 2022. Work In Process Inventory, December 31 Total manufacturing costs incurred during the year Raw Materials Purchases Raw Materials Inventory, December 31 Prime manufacturing costs for the year Conversion costs for the year $105,000 500,000 140,000 65,000 255,000 290,000 The Work In Process Inventory on January 1, 2022 was 80% of the Work In Process Inventory on December 31, 2022. Required: 1. Determine the Cost of Goods Manufactured for the Turner 2. Determine the Account and the Balances for each one to be reported in the Balance Sheet at the end of the month December 31, 2022.