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Exercise 1-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,500 Direct labor $74,000 14,750Sales salaries 49,300

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Exercise 1-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,500 Direct labor $74,000 14,750Sales salaries 49,300 4 Property taxes on factory 4,000 54,000 Repairs to office equipment 81,700Factory repairs 2,900 1,600 2,740 16,600 2,990 Depreciation on delivery trucks building Indirect factory labor Indirect materials Direct materials used Factory manager's salary 141,700 Advertising 8,300 Office supplies used From the information

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