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Data are as follows: Beginning inventory balances for WIP and Finished Goods inventory are 67,000 and 54,000, respectively

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Data are as follows: Beginning inventory balances for WIP and Finished Goods inventory are 67,000 and 54,000, respectively. Ending balances of raw materials, WIP and Finished goods inventory are as follows: 39,000, 59,000 and 48,000, respectively. Raw materials purchases are 45,000. Factory overhead totaled 7,500 (this is 75% of total Direct labor cost). Total expenses of the company totaled 11,500 which is 11.5% of total sales, Net income is 31.000. Compute the total Prime cost.