Sleep Tight, inc, manufactures comforters. The estimated inventories on january 1 for finished goods, work in process, and materials were $37,000,$32,000, and $25,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $45,000,$38,000, and $20,000, respectively. Direct materials purchases were $560,000, direct labor was $221,000 for the year, and factory overhead was $145,000