Lori Company uses the weighted-average method in its process costing system. Use the operating data below to answer questions 7 & 8. Units Percent complete Direct Materials Percent complete Direct labor SON Beginning work in process inventory Started into production during June Ending work in process inventory 10,000 98,000 20,000 772 ??? 7594 Beginning WIP costs consisted of $30,000 Direct Materials. Additional costs of $300,000 Direct Materials were incurred during the year. Beginning WIP costs consisted of $32,000 Direct Labor. Additional costs of $280,000 Direct Labor were incurred during the year. 7. What is the amount of Direct Materials cost assigned to ending work-in-process? 8. What is the amount of Direct Labor cost assigned out of Work in Process to Cost of Goods Manufactured