A company uses a process cost accounting system. The following information is available

A company uses a process cost accounting system.  The following information is available regarding direct labor for the current year:

Goods in process, January 1      5,500 units, 80% complete
Goods in process, December 31    8,800 units, 40% complete

Units completed and transferred to finished goods 46,900
Direct Labor costs during the year    $266,300