Manufacturing overhead costs incurred:Indirect materials$15,000Indirect labor130,000Property taxes, factory8,000Utilities, factory70,000Depreciation, factory240,000Insurance, factory10,000Total actual manufacturing overhead costs incurred$473,000Other costs incurred:Purchases of raw materials (both direct and indirect)$400,000Direct labor cost$60,000Inventories:Raw materials, beginning$20,000Raw materials, ending$30,000Work in process, beginning$40,000Work in process, ending$70,000