Problem 3. Marks Manufacturing Company has the following beginning balances: During the period, the following occurred: 1. Purchased for cash $872,000 worth of raw materials. Delivery charges on these materials equaled $22,000. 2. Used $565,000 worth of direct labor in the production process. 3. Used $900.000 worth of materials in the production process. 5. Transferred $2,035,000 worth of work in process inventory to finished goods inveritory. 6. Sales were $2,600,000. 7. The ending balance in Finished Goods Inventory was $93,000