Elllott Company produces large quantities of a standardized product. The following information is avallable for Its production activities for March. Factory overhead incurred Indirect materials used Raw materials Beginning Inventory Raw materlals purchased (on credit) Direct materlals used s 74000 45,000 $18,000 305,000 Indirect labor used 11,000 Other overhead costs 160,860 Indirect materlals used 74,000) Total factory overhead Incurred $279,860 Ending Inventory $ 78,000 Factory overhead applied Factory payroll Direct labor used (140% of direct labor cost) 199,900 Total factory overhead applied $ 279,860 Indirect labor used 45,000 Total payroll cost (pald in cash) $244,900