FlatPack Furniture Company, Incorporated, incurred the following costs during $202.$

Raw material used

$$173,000$

Direct labor

$320,000$

During $202,$ manufacturing overhead of $$170,000$ was applied to production. Products costing $$120,000$ were finished, and products costing $$132,000$ were sold on account for $$197,000.$ There were no purchases of raw material during the year. The beginning balances in the firm's inventory accounts are as follows:

Raw material

$$227,000$

Work in process

$16,000$

Finished goods

$30,000$