Axteks Corporation has the following cost records for the year ended December 31, 2020: Indirect factory labour $5,210 Direct materials used 250,000 Work in process (1/1/2020) 31,300 Work in process (12/31/2020) 25,800 Finished goods (1/1/2020) 35,400 Finished goods (12/31/2020) 29,100 Factory utilities 41,700 Depreciation, factory equipment 35,000 Direct labour 304,700 Indirect materials 22,400 Factory manager's salary 63,900 Selling and administrative expenses 346,800 Net sales 1,246,000 Factory machinery rent 42,700