The following cost and inventory data are taken from the accounting records of Mason Company for the year just completed:

Costs incurred:Direct labor cost$85,000Purchases of raw materials$139,000Manufacturing overhead$203,000Advertising expense$45,000Sales salaries$106,000Depreciation, office equipment$224,000

Beginning

of the YearEnd of

the YearInventories:Raw materials$8,200$10,800Work in process$5,700$20,900Finished goods$79,000$25,000