< Use the following information for Exercises 2-47, 2-48 and 2-49. Jasper Company provided the following information for last year: Sales in units Selling price Direct materials Direct labor Manufacturing overhead Selling expense Administrative expense 280,000 $ 12 180,000 505,000 110,000 437,000 854,000 Last year, beginning and ending inventories of work in process and finished goods equaled zero.