Hamilton, Inc. incurred the following costs during fiscal 2010:

Direct materials .......................................................$ 330,000

Direct labor ............................................................. 160,000

Manufacturing overhead applied ............................ 440,000

During 2010, cost of goods manufactured totaled $ 920,000 while cost of goods sold was $ 930,000. Inventory balances at January 1, 2010, were as follows:

Work-in-process ....................................................... $ 16,000

Finished goods ......................................................... 30,000

Show the flow of costs through the company’s inventory accounts during 2010.