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Purchased $399,560 of materials. Used $342,540 of direct materials in production. Incurred $290,100 of direct labor wages. Applied factory overhead at a rate of 73%

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Purchased $399,560 of materials. Used $342,540 of direct materials in production. Incurred $290,100 of direct labor wages. Applied factory overhead at a rate of 73% of direct labor cost. Transferred $818,820 of work in process to finished goods. Sold goods with a cost of $796,000. Sold goods for $1,400,110. Incurred $313,290 of selling expenses. Incurred $125,090 of administrative expenses

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