THE Company applies overhead to products using a pre-determined rate of $6 per direct labor hour. During 2021, THE Company had the following costs: Direct materials purchased Direct labor .... Factory utilities Depreciation, office equipment Advertising Indirect labor Shipping goods to customers Property taxes, factory building $150,000 175,000 39,000 42,000 26,000 17,000 28,000 11,000 THE Company's inventory accounts for 2021 were: Direct materials Work in process Finished goods January 1 40,000 19,000 22,000 December 31 33,000 41,000 28,000 Direct labor workers are paid $12.50 per hour. The period costs for 2021 were equal to