YouTube Drive MS&C KSL CIs AFCU 123 Shows Amazon Figure 2.2 Lonborg Co. had the following beginning and ending inventory balances for the year ended December 31, December 31 end) January 1.(beg) $10,0008,000 $18,000$17,000 $21,000$16,500 Materials Work in Process Finished Goods In addition, direct labor costs of $30,000 were incurred, overhead equaled $42,000, materials purchased were $27,000 and selling and administrative costs were $22,000. Lonborg Co. sold 25,000 units of product during the year at a sales price of $5.00 per unit. Refer to Figure 2-2. What were the total manufacturing costs for the year? $106.500 $101.000 $102.000 $123,000 23