Cost and sales information for the most recent fiscal year are shown below: WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expense Sales $ 94,000 14,000 21,000 44,400 5,000 64,000 30,000 71,600 490,000 27,000 Supplies, factory 1,000 Selling expense 81,600 Advertising expense 21,600 Indirect labour, factory 65,000 Work in process inventory, beginning 7,000 Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending 30,000 10,000 40,000 Utilities, factory