Javier's Widget Factory started business in 2021 and had the following data available for the year $ 10,400 13,800 350,000 52,000 28,000 24,700 6,600 Factory Rent $ 47,000 Advertising Costs Production Manger's Salary 13,300 Sales Salary Factory Repair and Maintenance 1,000 Sales Revenue Direct Materials Purchased 31.000 President's Salary Assembly Labor 31,900 Office Rent Delivery Vehicle Depreciation 500 Administrative Salaries Factory Equipment Depreciation 3,000 Indirect Materials Used At the ending of the year Javier had the following Inventory balances: Ending Direct Materials Inventory $ 8,000 Ending Work in Process Inventory 10,000 Ending Finished Goods Inventory 20,000 Evaluate the following statements: 1. Period Costs for the year total $128,900 2. Conversion Costs for the year are $102,800 3. Direct Materials used this year are $23,000 All of the Statements are true Only Statement #2 is true Only Statement 3 is true Only Statement #1 is true Both Statements 32 and 3 are true All of the Statements are false Both Statements #1 and 83 are true Both Statements #1 and #2 are true