Wayland Manufacturing uses a normal costing system and had the following data available for 20x8: Direct materials purchased on account $74,000 Direct labor cost incurred 65,000 73,000 146,000 128,000 13,000 32,000 29,000 46,000 125% MOH costs incurred Cost of goods completed COGS Beg. Direct materials inventory (1/1/x8) Beg. WIP inventory (1/1/x8) Beg. FG inventory (1/1/x8) End. Direct materials inventory (12/31/x8) Overhead Application Rate (as a percent of direct labor cost) What is the cost of direct materials put into production during 20x8? What is the balance in WIP inventory (12/31/x8)? What is the ending balance in FG inventory (12/31/x8)?