The following data are taken from the general ledger and other records of Black Hills Manufacturing Co. on January 31, the end of the first month of operations in the current fiscal year: View...

Sales

$75,000

Materials inventory (January 1)

25,000

Work in process inventory (January 1)

24,000

Finished goods inventory (January 1)

32,000

Materials purchased

21,000

Direct labor cost

18,000

Factory overhead (including $1,000 of indirect materials used and

$3,000 of indirect labor cost)

12,000

Selling and administrative