The following selected information was extracted from the 20x1 accounting records of Lone Oak Products: Raw material purchases $ 175,000 Direct labor 254,000 Indirect labor 109,000 Selling and administrative salaries 133,000 Building depreciation 80,000 Other selling and administrative expenses 195,000 Other factory costs 343,000 Sales revenue ($130 per unit) 1,495,000 Seventy-five percent of the company's building was devoted to production activities; the remaining 25 percent was used for selling and administrative functions. Inventory data: Items January 1 December 31 Raw material $ 15,900 $ 18,200 Work in process 35,800 62,100 Finished goods 112,100 97,900.