The following data from the just completed 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 $ 656,000 $ 81,000 134,000 $ 108,000 $ 49,000 205,000 $ 228,000 Beginning End of Inventories Raw materials Work in process Finished goods Year of Year $ 8,500 S 10,900 $ 5,200 S 20,900 $ 70,000 S 25,200