Quark Spy Equipment manufactures espionage equipment. Quark uses a job-order costing system and applies overhead to jobs on the basis of direct labor-hours. For the current year, Quark estimated that it would work 95,000 direct labor-hours and incur $12,635,000 of manufacturing overhead cost. The following summarized information relates to January of the current year. The raw materials purchased include both direct and indirect materials.

Raw materials purchased on account	$	892,000
Direct materials requisitioned into production	$	820,900
Indirect materials requisitioned into production	$	61,900
Direct labor cost (5,000 hours @ $33 per hour)	$	165,000
Indirect labor cost (5,300 hours @ $22 per hour)	$	116,600
Depreciation on the factory building	$	136,100
Depreciation on the factory equipment	$	636,300
Utilities for the factory	$	56,900
Cost of jobs finished	$	1,782,900
Cost of jobs sold	$	1,701,300
Sales (all on account)	$	2,552,000