Jordan Company produces women's clothing. During 2010, the company incurred the following costs:

Factory rent ................$425,000

Direct Labor ................ 325,000

Utilities – Factory .............. 35,000

Purchases of direct materials ......... 625,000

Indirect Material ............. 70,000

Indirect Labor .............. 80,000

Inventories for the year were as follows:

Jan 1 Dec31

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Direct materials Work in process Finished Goods $30,000 60,000 115,000 S50,000 25,000 95,000