Sleep Tight, Inc, manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $36,000, $32,000, and $25,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $43,000,$37,000, and $20,000, respectively, Direct materials purchases were $550,000, direct labor was $239,000 for the year, and factory overhead was $145,000