Monty Co. both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar year 2020. Purchase Cash paid for equipment, including sales tax of $6,100 $128,100 Freight and insurance cost while in transit 2,440 Cost of moving equipment into place at factory 3,782 Wage cost for technicians to test equipment 4,880 Insurance premium paid during first year of operation on this equipment 1,830 Special plumbing fixtures required for new equipment 9,760 Repair cost incurred in first year of operations related to this equipment 1.586 Construction Material and purchased parts (gross cost $244,000; failed to take 2% cash discount) Imputed interest on funds used during construction (stock financing) $244,000 17.080 Labor costs Allocated overhead costs (fixed-$24.400: variable-$36.600) Profit on self-construction Cost of installing equipment 231.800 61.000 36.600 5.368