Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses $ 215,000 Purchases of raw materials $ 270,000 Direct labor ? Administrative expenses $ 155,000 Manufacturing overhead applied to work in process $ 370,000 Actual manufacturing overhead cost $ 353,000 Inventory balances at the beginning and end of the year were as follows: Beginning Ending Raw materials $ 56,000 $ 37,000 Work in process ? $ 31,000 Finished goods $ 34,000 ? The total manufacturing costs added to production for the year were $680,000; the cost of goods available for sale totaled $735,000; the unadjusted cost of goods sold totaled $662,000; and the net operating income was $39,000