Finished Goods Inventory, December 31 Account Balances $41,160 Factory Supervisory Salaries 11,760 Income Tax Expense 17,640 Raw Materials Inventory, December 1 11,760 Work In Process Inventory, December 31 14,700 Sales Salaries Expense 13,720 Factory Depreciation Expense 7,840 Finished Goods Inventory, December 1 34,300 Raw Materials Purchases 102,900 Work In Process Inventory, December 1 24,500 Factory Utilities Expense 5,880 Direct Labor 68,600 Raw Materials Inventory, December 31 18,620 Sales Returns and Allowances 4,900 Indirect Labor 20,580