value: 10.00 points The following data from the just completed year are taken from the accounting records of Mason Company 524,000 Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses $70,000 118,000 140,000 $63,000 s90,000 80,000 Manufacturing overhead applied to work in process Actual manufacturing overhead costs Beginning End of of Year Year $ 7,000 $15,000 Inventories Raw materials Work in process Finished goods 10,000 s 5,000 20,000 $35,000