Carryit, Inc.

Carryit, Inc. sells specialty purses, backpacks and messenger bags. The company began operations in January 2021 with one store location and one administrative (service) office location. Its departmental income statement for 2021 follows.

Carryit, Inc. For the Year Ended December 31, 2021

Departmental Income Statement:

	Purses	Backpacks	Messenger Bags	Combined
Sales	$239,355	$164,889	$127,656	$531,900
Cost of goods sold	132,413	102,720	54,000	289,133
Gross profit	106,943	62,169	73,656	242,768
Direct expenses
Sales salaries	30,000	22,000	20,000	72,000
Advertising	1,100	770	950	2,820
Store supplies used	803	428	350	1,581
Depreciation of equipment	3,000	1,500	250	4,750
Total direct expenses	34,903	24,698	21,550	81,151

Expenses to Be Allocated:

Rent expense	$15,000
Utilities expense	$5,500
Insurance expense	$28,000
Administrative office costs	$65,000

Other Information:

	Square Footage	Insured Assets
Purses	2,350	$550,000
Backpacks	1,150	$200,000
Messenger Bags	1,500	$250,000
Total	5,000	$1,000,000

The company allocates rent and utilities expenses based on square feet occupied. Insurance expense is allocated based on the value of insured assets. The administrative office department is allocated based on sales.

Required:

Calculate the allocated expenses and complete the departmental allocation below. Enter NUMBERS ONLY. DO NOT enter dollar signs ($) or special characters.

Allocation:

	Purses	Backpacks	Messenger Bags	Combined
Allocated expenses:
Rent expense
Utilities expense
Insurance expense
Share of office dept. expenses