solomon corporation began fiscal year 2 with the following balances in its inventory accounts. raw materials $ 55,800 work in process 82,600 finished goods 27,900 during the accounting period, solomon purchased $238,600 of raw materials and issued $248,400 of materials to the production department. direct labor costs for the period amounted to $322,900, and manufacturing overhead of $46,200 was applied to work in process inventory. assume that there was no over- or underapplied overhead. goods costing $610,100 to produce were completed and transferred to finished goods inventory. goods costing $600,400 were sold for $800,600 during the period. selling and administrative expenses amounted to $70,100.