Rexford Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January.

	January 1	January 31
Finished goods	$126,000	$117,000
Work in process	235,000	251,000
Raw material	134,000	124,000

The following additional manufacturing data pertains to January operations.

Raw material purchased	$190,000
Direct labor	300,000
Actual manufacturing overhead	170,000
Actual selling and administrative expenses	115,000

Rexford Company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year.

1.

Compute the company