The accounting records of Omar Corporation contained the following information for last year: Ending 7,000 $31,000 $15,000 Beginning Direct materials inventory 9,000 Work in process inventory$17,000 Finished goods inventory $10,000 Direct materials used Overhead applied Direct labor cost (10,000 hours) Depreciation Rent Taxes Unadjusted cost of goods sold (does not include Manufacturing Costs Incurred $ 72,000 24,000 $80,000 $ 10,000 12,000 $ 8,000 $157,000 overapplied or underapplied overhead) Selling, General, and Administrative Costs Incurred $35,000 $20,000 $25,000 Advertising Rent Clerical