Vaughn Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Vaughn uses a job order costing system. On September 1, the company reported the following inventory balances: $ 9,000 Direct Materials Work in Process Finished Goods $ 33,000 $ 52,400 During September, the following events occurred: 1. 2. 3. 4 4. Vaughn purchased direct materials costing $ 370,000 on account. Vaughn used $ 362,000 in direct materials in production. Vaughn's employees clocked 20,000 direct labor hours at an average wage rate of $ 12 per direct labor hour. The company incurred $ 428,000 in manufacturing overhead, including $ 77,200 in indirect labor costs. Using direct labor hours as the application base, the company applied $ 420,000 of manufacturing overhead to jobs worked on in September The company completed production on jobs costing $ 1,040,000. The company delivered jobs costing $ 990,000 to customers. . 5. . 6. 7. (a) Calculate the ending September balance of the Direct Materials, Work in Process and Finished Goods Inventory accounts. Ending September Balance $ Direct Materials $ Work in Process $ $ Finished Goods