A disastrous fire struck the only manufacturing plant of Badomen Equipment, Inc., on December 1. All work-in-process inventory was destroyed, but a few records were salvaged from the wreckage and the company’s headquarters. The insurance company has stated that it will pay the cost of the lost inventory if adequate documentation can be supplied. The insurable value of work-in-process inventory consists of direct material, direct labor, and applied manufacturing overhead.

The following information about the plant appears on the October financial statements:

Accounts payable (raw-material suppliers) on October 31.0... cee $ 21,600 Acutal manufacturing overhead incurred through October 31.........cceee 184,900 PAVrOlliavableOmOCtobenrSilerae. es. ccunincctesaie ccs tee nace anetunetae eetets esernuint 0 Withholding and other payroll liabilities on October 31.0... eee 9,700 Applied manufacturing overhead through October 31 0... eee 179,600 RAWeMmarehiallimveMtOny, OOLOMEL O lle rmumaateceesacuesaetnce rteneeee stceeec reetlaecce ct 49,000 WOrk-IN=OrOCESS INVEMLONVOCIODEN Gil ania sinncacceantreanasis eroesrteenseserassm eo ns 86,200 Finished-Goeds imventony, OCIODSL SAan. wi cennanees namedia: Aoesastbeecacenadoen ee 32,000 Cosvonqoods sol GhinrouGMOCtOoer SI eae sarunnete eames nnerecnaaise 348,600 A count of the inventories on hand November 30 shows the following:

Raw-material INVENtOLY vo.tee terete $43,000 Work-in-DrOCESS INVENTOLY 0.0e.ee .eeene.veese reee ?

FIniSMEG=GOOGS|INVEMONY rr crnececesuscrsnerdesvuerse s 37,500 The accounts payable clerk tells you that outstanding bills to suppliers totaled $50,100 and that cash payments of $37,900 were made to them during the month. The payroll clerk informs you that the payroll costs last month for the manufacturing section included $82,400 of which $14,700 was indirect labor.