Sheridan Corporation incurred the following costs while manufacturing its product. Materials used in product $142,500 Depreciation on factory 68,400 Property taxes on store 8,550 Labor costs of assembly-line workers 125,400 Factory supplies used 26,220 Advertising expense 51,300 Property taxes on factory 21,660 Delivery expense 23,940 Sales commissions 39,900 Salaries paid to sales clerks 57,000 Work in process inventory was $30,780 at January 1 and $17,670 at December 31. Finished goods inventory was $74,100 at January 1 and $57,650 at December 31. (Assume all raw materials used were direct materials.)