Use the following information for the next 3 questions: Beginning direct materials inventory $50,000 Ending direct materials inventory $80,000 Beginning work in process inventory $420,000 Beginning finished goods inventory $70,000 $90,000 Cost of direct materials purchased Revenue $3,500,000 Cost of goods sold $285,000 Direct labor incurred during period $160,000 Ending Finished Goods $250,000 Total estimated labor hours 13,000 Total actual labor hours 11,000 Predetermined Manufacturing Overhead Rate (based on labor hours) $25 per labor hour What is the ending work in process inventory balance? What amount of direct materials were used during the period? What is the cost of goods manufactured?