Do It! 1: Manufacturing Costs (4 of 4) Record the company's manufacturing costs. c. Factory utilities of $2,200 are incurred, prepaid factory insurance of $1,800 has expired, and depreciation on the factory building is $3,500. a. b. Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead +$4,200 +$18,000 +$2,200 1,800 3,500 C. C. C. LO1 18 Copyright 2018 John Wiley & Sons, Inc dvanced Threat Protection and it hasn't detected any threats. If you need to edit thonie, LIL Do It! 1: Manufacturing Costs (1 of 4) During the current month, Ringling Company incurs the following manufacturing costs: a. Raw material purchases of $4,200. b. Factory labor of $18,000. Of that amount, $15,000 relates to wages and $3,000 relates to payroll taxes. c. Factory utilities of $2,200 are payable, prepaid factory insurance of $1,800 has expired, and depreciation on the factory building is $3,500. Using the format shown in Illustration 2.6, record the company's manufacturing costs in its job order costing system. Copyright 2018 John Wiley & Sons, Inc. 15 LO1 Notes 3 > 2 e