Problem

Various financial figures have been provided for manufacturer Rayquaza Company.

Additional Information:

$1.)$ Raw materials purchases total $$195,000.$

$2.)$ Factory payroll for the period totals $$575,000.$

$3.)$ Other overhead costs total $$95,000$ for the period.

$4.)$ Material requisitions show $$185,000$ for direct materials and $$5,000$ for indirect materials.

$5.)$ Time tickets show $$530,000$ for direct labor costs.

$6.)$ Overhead for the period is over$-$applied by $$5,700.$

$7.)$ Ending inventory account halancec are foll