The following information is available for Greencastle, Inc. for the fiscal year ending December 31, 2020: Beginning balance in Work in Process Inventory $150,000 Ending balance in Work in Process Inventory 340,000 Beginning balance in Finished Goods Inventory 460,000 Ending balance in Finished Goods Inventory 420,000 Direct material cost 2,880,000 Direct labor cost 3,160,000 Manufacturing overhead 1,680,000 Selling and administrative expenses 1,250,000 Sales 8,740,000