The following costs and inventory data were taken from the accounts of Blossom Company for 2022: (Assume all raw materials used were direct materials.) January 1, 2022 December 31, 2022 Inventories: Raw materials $ 6,400 $ 5,600 Work in process 12,000 10,400 Finished goods 12,800 9,600 Costs incurred: Raw materials purchases $ 78,400 Direct labor 33,600 Factory rent 6,400 Factory utilities 8,000 Indirect materials 4,800 Indirect labor 7,200 Operating expenses 13,600