accounting

Raw-material inventory, 12/31/x3 ....................... $ 66,750 Depreciation on factory equipment ................... 45,000

Purchases of raw material in 20x4 ...................... 548,250 Insurance on factory and equipment ................. 30,000

Raw-material inventory, 12/31/x4 ....................... 44,250 Utilities for factory ........................................... 52,500

Direct-labor cost incurred ................................... 355,500 Work-in-process inventory, 12/31/x3 ............... -0-

Selling and administrative expenses .................... 201,750 Work-in-process inventory, 12/31/x4 ............... 30,000

Indirect labor cost incurred ................................. 112,500 Finished-goods inventory, 12/31/x3 ................. 26,250

Property taxes on factory .................................... 67,500 Finished-goods inventory, 12/31/x4 ................. 30,000

Depreciation on factory building .......................... 93,750 Applied manufacturing overhead ...................... 433,125

Income tax expense ........................................... 18,750 Sales revenue ................................................. 1,578,750

Indirect material used ......................................... 33,750