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Question 4. During the month of February , 2016 (the first month of operations) Balfor Tool incurred the following manufacturing costs: Purchased Raw materials on account Factory labor $ 7,000 ($ 4,900 relates to factory wages payable, and $ 2100 relates to payroll taxes payable) Factory utilities payable Property Taxes Payable for factory Depreciation of factory equipment $6,000 $ 3,500 $ 4,500 $900