Compute the total cost to be capitalized for each of these two pieces of equipment

Purchase Cash paid for equipment, including sales tax of $7,500 Freight and insurance cost while in transit Cost of moving equipment into place at factory Wage cost for technicians to test equipment Insurance premium paid during first year of operation on this equipment Special plumbing fixtures required for new equipment Repair cost incurred in first year of operations related to this equipment Construction Material and purchased parts (gross cost $300,000; failed to take 2% cash discount) Imputed interest on funds used during construction (stock financing) Labor costs Allocated overhead costs (fxed-$30,ooo; variable-$45,000) Profit on self-construction Cost of installing equipment Compute the total cost to be capitalized for each of these two pieces of equipment. Purchase equipment Construction equipm ent $157,500 4,650 2,250 1,950 $300,000 21,000 285,000 75,000 45,000