18.4-27a Bentley Manufacturing, Inc. provided the following information for the year Purchases Raw Materials Plant Utilities and Insurance Indirect Materials Used Indirect Labor Direct Materials Used in Production Direct Labor Depreciation on Factory Plant and Equipment Cost of Goods Manufactured $90,000 68,500 11,600 4, 150 96,000 117,500 7,000 290,000 The inventory account balances as of January 1 are given below Raw Materials Inventory $45,000 $15,750 $1,000 $48,500 $44,000