Work in Process Inventory Journal Entries a. (1) (2) (3) Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect (4) b. No posting to a T-account is required. Calculate the ending balance of Work in process inventory and enter the amount below. (Enter the dollar amount without any debit or credit notation.) Ending Work in process inventory balance = Incorrect 23. Work-in-Process Inventory Journal Entries. The balance in the work-in-process inventory account of Quest , Inc, was $900,000 at the beginning of May. Manufacturing costs for the month are as follows: Direct materials $ 340,000 Direct labor $ 810,000 Manufacturing overhead applied $ 660,000 Cost of goods manufactured $1,960,000 Required: a. Prepare separate journal entries to record the following items. (Hint: Use Figure 2.7 as a guide.) 1. Direct materials placed in production for the month 2. Direct labor used during the month, assuming employees will be paid next month 3. Manufacturing overhead applied for the month 4. Transfer of cost of goods manufactured to finished goods b. Prepare a T-account for work-in-process inventory and include the beginning balance for May. Post the appropriate items from the journal entries in part a to this account, and calculate the ending balance in work-in-process inventory