Valenko Company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials):

Selling expenses	$	215,000
Purchases of raw materials	$	270,000
Direct labor		?
Administrative expenses	$	159,000
Manufacturing overhead applied to work in process	$	339,000
Total actual manufacturing overhead costs	$	355,000

Inventory balances at the beginning and end of the year were as follows:

	Beginning of Year			End of Year
Raw materials	$	55,000		$	38,000
Work in process		?		$	31,000
Finished goods	$	34,000			?

The total manufacturing costs for the year were $675,000; the cost of goods available for sale totaled $720,000; the unadjusted cost of goods sold totaled $661,000; and the net operating income was $38,000. The company