1. The following data (in thousands of dollars) have been taken from the accounting records of Larder Corporation for the just completed year. Sales $950 Purchases of direct materials $170 Direct labor $210 Indirect material $20 Indirect labor. $60 Depreciation - manufacturing equipment. $70 Other overhead. $50 Administrative expenses. $180 Selling expenses. $140 Direct materials inventory, beginning $70 Direct materials inventory, ending $80 Work in process inventory, beginning $30 Work in process inventory, ending. $20 Finished goods inventory, beginning. $100 Finished goods inventory, ending $70