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 Utilities, factory $ 98,500 18,500 25,500 47,100 5,000 68,500 30,000 73,400 535,000 27,000 Supplies, factory 1,000 Selling expense 83,400 Advertising expense 23,400 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