The following data from the just compieted year are taken from the accounting records of Mason Company: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $653,000 $ 87,000 $137,000 $103,000 $44,000 205,000 222,000 Beginning End of Inventories of Year Year Raw materials Work in process Finished goods $ 8,200 $ 10,800 s 5,200 20,300 74,000 25,900