Cost of Goods Sold, Income

Ellerson Company provided the following information for last calander year:

Bang Direct materials $68,000 Work in process 29,400 43,200 Finished goods Ending inventory: Direct materials $70,400 Work in process 40,000 Finished goods 42,100 During the year, direct materials purchases amounted to $278,000, direct labor cost was $189,000, and overhead cost was $523,000. Durin the year, 100,000 units were completed. Last calendar year, Ellerson recognized revenue of $1,312,000 and had selling and administrative expenses of $204,600. Required: