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Selected data concerning the past year's operations of the Altek Manufacturing Company are as follows: (S) Beginning Inventories Raw materials Work in Process 71,000 80,000 90,000 Ending 81,000 30,000 110,000 Finished Goods Other Data: 326,000 Direct Materials Used Total Manufacturing Costs Charged to production during the year (includes direct material, direct labour, and manufacturing overhead applied at a rate of 60% of direct-labour cost) Cost of Goods Available for Sale Selling and Administration Expenses S 686,000 826,000 S 31,500