Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing system in which factory overhead is applied on the basis of direct labor costs. Budgeted factory overhead for the year was 5680,400, and management budgeted $324000 of direct labor costs. During the year, the company incurred the following actual costs. Direct materials used 5384,000 Direct labor 306.000 Factory overhead 658,000 The January balances of inventory accounts are shown below. Materials-all direct $70,000 Work in process 41,000 Finished goods 26,000 The December 31 balances of these inversory accounts were ten percent lower than the balances at the beginning of the year The amount of direct materials purchased during the year is $191,000 5377.000 5380,000 $374000 $380,000