Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and material were $36,000, $35,000 and $26,000 respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $43,000, $33,000 and $22,000 respectively. Direct material purchases were $550,000. Direct labor was $248,000 for the year. Factory overhead was $144,000