1-2-3 E10-4 (Purchase and Self-Constructed Cost of Assets) Dane Co. both purchases and constructs vari- ous equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar vear 2011 Purchase Cash paid for equipment, including sales tax of 5,000 105.000 Freight and insurance cost while in transit 2.000 Cost of moving equipment into place at factory 3,100 Wage cost for technicians to test equipment 6.000 insurance premium paid during first year of operation on this cou oment 1.500 Special plumbing fixtures required for new equipment 8.000 Repair cost incurred in first year of operations related to this equipment 1.300 Construction Material and purchased parts (gross cost 200,000, fated to take 1% cash discount +200,000 imputed interest on funds used during construction (share financing) 14.000 190.000 Labor costs Allocated overhead costs (fixed---620.000: variable.. 30.000 50.000 30.000 Profit on self-construction 4.400 Cost of installing equipment Instructions Compute the total cost for each of these two pieces of equipment If an item is not capitalized as a cost of the equipment, indicate how it should be reported