Given the following information, compute the ending balances of the Materials inventory, Work in process inventory, and finished goods inventory accounts.

Materials Inventory, beginning balance $ 23,000
Work in Process Inventory, beginning balance $ 25,750
Finished Goods inventory, beginning balance $ 38,000
Direct Materials Purchased $ 85,000
Direct Materials placed into production $ 74,000
Direct Labor costs $ 97,000
Overhead costs $ 35,000
Cost of goods manufactured $ 123,000
Cost of goods sold $ 93,375

1. …