Mike Cichanowski founded Wenonah Canoe and later purchased Current Designs, a company that designs and manufactures kayaks. The kayak-manufacturing facility is located just a few minutes from the canoe company's headquarters in Winona, Minnesota. Current Designs makes kayaks using two different processes. The rotational molding process uses high temperature to melt polyethylene powder in a closed rotating metal mold to produce a complete kayak hull and deck in a single piece. These kayaks are less labor-intensive and less expensive for the company to produce and sell. Its other kayaks use the vacuum-bagged composite lamination process (which we will refer to as the composite process). Layers of fiberglass or Kevlar are carefully placed by hand in a mold and are bonded with resin. Then, a high-pressure vacuum is used to eliminate any excess resin that would otherwise add weight and reduce strength of the finished kayak. These kayaks require a great deal of skilled labor as each boat is individually finished. The exquisite finish of the vacuum-bagged composite kayaks gave rise to Current Designs'tag line, "A work of art, made for life." Current Designs has the following managers: Mike Cichanowski, CEO Diane Buswell, Controller Deb Welch, Purchasing Manager Bill Johnson, Sales Manager Dave Thill, Kayak Plant Manager Rick Thrune, Production Manager for Composite Kayaks (c) When Diane Buswell, controller for Current Designs, reviewed the accounting records for a recent period, she noted the cost items and amounts shown below (amounts are assumed). Enter the amount for each item in the appropriate cost category. Then sum the amounts in each cost category column. Payee Amount Purpose Property insurance for the manufacturing plant Winona Agency 3,200 $ Bill Johnson (sales manager) Payroll check-payment to sales manager 1,700 Xcel Energy Electricity for manufacturing plant 450 Winona Printing Price lists for salespeople 85 Jim Kaiser (sales representative) Sales commissions 1,250 Dave Thill (plant manager) Payroll check-payment to plant manager 1,450 760 Dana Schultz (kayak assembler) Composite One 260 Payroll check-payment to kayak assembler Bagging film used when kayaks are assembled; it is discarded after use Shop supplies-brooms, paper towels, etc. Polyethylene powder which is the main ingredient for the rotational molded kayaks Property taxes on manufacturing plant Fastenal Ravago 890 3,170 Winona County 5,480 North American Composites Kevlar fabric for composite kayaks 4,930 660 Waste Management None Trash disposal for the company office building Journal entry to record depreciation of manufacturing equipment 4,540 Totals $ Direct Materials Product Costs Direct Labour Manufacturing Overhead Period Costs $ $ $ $ $ $