The following information is available for the Millennium Corporation for the current year: Cost of goods sold Depreciation of factory equipment.. Direct labor . Finished goods inventory. Beginning-year Factorv insurance Factory utilities Goods transferred from Goods in Process $292.000 25,200 64.750 45,000 11.200 16.800 Inventory to Finished Goods Inventory Indirect labor 285.150 8.400 4.200 116,200 Raw materials inventory, Beginning-year.... Raw materials purchased.... Raw materials used in production (includes $7,000 of indirect materials) . Rent on factory building 121,800 22,400