The following costs and inventory data were taken from the accounts of hanhoe Company for 2022 (Assume all raw mater were direct materials) Inventories January 1, 2022 December 31, 2022 Raw materials ABO $ 6020 Work in process 12,900 11,100 Finished goods 13760 10.320 Costs incurred Raw materials purchases $ 84.200 Direct labor 36.120 Factory rent 6.500 Factory utilities 8,600 Indirect materials 5.160 Indirect labor 7.740 Operating expenses 14.620