Go Away Bears Co. A firm in Lethbridge, Alberta called Go Away Bears manufactures bear proof garbage bins. The following data reflect activity for the most recent year, 2020: Activity during the period: (1) Purchases of direct materials $110,000 (2) Direct manufacturing labor cost 90,000 (3) Indirect labour 45,000 (4) Depreciation, manufacturing equipment 25,000 (5) Depreciation, sales office equipment 8,500 (6) Maintenance, factory equipment 22,000 (7) Miscellaneous factory overhead 10,500 (8) Rent, factory building 110,000 (9) Rent, sales and admin office 30,000 (10) Sales and Administrative salaries 100,000 (11) Sales 745,000 (12) Direct materials used in production 120,000 Beginning and ending inventories for the year were as follows: Direct Materials Work In Progress Finished Goods January 1 $17,000 9,000 102,000 December 31 2 21,000 34,000