The following costs and inventory data were taken from the accounts of Simon Company for 2022: January 1, 2022 December 31, 2022 $ 8.000 $ 7,000 Inventories: Raw materials Work in process Finished goods 15,000 13,000 16,000 12.000 Costs incurred: Raw materials purchases $ 98,000 Direct labor 42.000 Factory rent 8,000 Factory utilities 10,000 Indirect materials 6,000 Indirect labor 9,000 Operating expenses 17,000 SIMON COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2022 Direct Materials Used