Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $39,000,$30,000, and $27,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $42,000,$35,000, and $19,000, respectively. Direct materials purchases were $560,000, direct labor was $203,000 for the year, and factory overhead was $152,000