The following costs and inventory data were taken from the accounts of Pius Company for 2019: January 1, 2019 December 31, 2019 Inventories: Raw materials Work in process Finished goods $8,000 15,000 16,000 $ 7,000 13,000 12,000 Costs incurred: Raw materials purchases $88,000 Direct labour 42,000 Factory rent 8,000 Factory utilities 2,000 Indirect materials (inventoried separately from other materials) 4.000 Indirect labour 6,000 Selling expenses 5,000 Administrative expenses 12,000 The following costs and inventory data were taken from the accounts of Pius Company for 2019: January 1, 2019 December 31, 2019 Inventories: Raw materials Work in process Finished goods $8,000 15,000 16,000 $ 7,000 13,000 12,000 Costs incurred: Raw materials purchases $88,000 Direct labour 42,000 Factory rent 8,000 Factory utilities 2,000 Indirect materials (inventoried separately from other materials) 4.000 Indirect labour 6,000 Selling expenses 5,000 Administrative expenses 12,000